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Home » Authors » Paul Muolo

Articles by Paul Muolo

Fannie and Freddie Make it Official on R&W Relief but with Several ‘Exclusions’

November 20, 2014
Paul Muolo
In regard to misrepresentations, relief will not be offered if it can be proved that a borrower was misled by the originator. And, of course, any mortgage subject to fraud must be bought back.
Read More

Short Takes: Stop Guessing on Lawsky Already / Share Price of Fannie and Freddie Common Soars / Foreclosures on the Rise / Essent Sells More Stock

November 20, 2014
Brandon Ivey and Paul Muolo
A GSE bill? Since Congress and President Obama have such a strong track record of working together on legislation we know how that’s going to turn out…
Read More

Senate Banking Chair Urges Watt and Treasury to End GSE Conservatorships

November 19, 2014
Paul Muolo
The two GSEs have been in conservatorship for six-plus years now, with no legislative solution to their future in sight.
Read More

MIAC Auctioning Off $908 Million Fannie/Freddie Portfolio

November 19, 2014
Paul Muolo
With roughly six weeks left in 2014, some mortgage firms are rushing to sell MSRs as a way to bolster fourth quarter profits.
Read More

Short Takes: Any G-Fee News? No / Keeping an Eye on MSR Sales / Why Realtors Will Live Forever / California Home Sales Nothing Special / Jeb Will be Back, Hensarling At Least

November 19, 2014
George Brooks, Paul Muolo, and Charles Wisniowski
After a servicing sale closes, the GSEs must monitor each transaction to make sure the transfer of receivables took place in a timely manner and more…
Read More

Fannie Continues to Loosen Rules; 990 Days for a Foreclosure in New York

November 18, 2014
Paul Muolo
Fannie Mae recently loosened its credit standards on condominium loans. What's next?
Read More

Short Takes: Obama Won’t Give Up on Killing the GSEs / Redwood Sells Debt / More Ocwen Customer Complaints / Carrington Bolts ARMs / The Return of Mike Baldwin

November 18, 2014
Brandon Ivey and Paul Muolo
Republicans have never been big fans of the GSEs and there’s plenty of Democrats who aren’t so sure about the government “guaranty” as well...
Read More

Lower FHA Premiums? Dream On…

November 18, 2014
Paul Muolo
In a statement, Rep. Hensarling decried last year’s $1.7 billion “taxpayer-funded bailout” of the FHA.
Read More

Sources: PIMCO Invests in Nonprime Lender Citadel Servicing Corp.

November 17, 2014
Paul Muolo
According to Citadel’s website, it offers five different loan matrices, which have credit grades ranging from A down to C.
Read More

MSR Deals Keep Coming; A $1.2 Billion Flow Deal From Phoenix

November 17, 2014
Paul Muolo
MIAC is out with a new $73 million Fannie package and MountainView and The Prestwick Group are working on transactions as well.
Read More
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