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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Hey Mel, Where’s the Formal Proposal on Looser GSE Credit? / Two Large MSR Auctions? / Warehouse Outlook Subdued / Risks and Rewards of Mortgage REITs / HUD’s Disparate Impact Rule Toast?

November 5, 2014
Paul Muolo
Whatever might be in the works at the FHFA regarding looser credit won’t be out until mid-December, we’re told…
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Plenty of Lenders are Hiring Loan Officers, Mostly Nonbanks

November 4, 2014
Paul Muolo
Hiring top performers can cost a company in terms of salary and bonus pay, but many believe such hires are worth it because such LOs bring in a ton of volume.
Read More

Freedom Mortgage Isn’t Done Buying; Wants ‘Feet on the Street’

November 4, 2014
Paul Muolo
The Mt. Laurel, NJ-based Freedom is eager to grow its retail presence in the U.S., but is still committed to third-party lending where it has a large presence.
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Short Takes: What is it With New York State? / UGI Posts Strong Earnings / Freddie’s Incredibly Shrinking REO / Ocwen Official Departs for LenderLive / Ohio Rules in Freddie’s Favor

November 4, 2014
Paul Muolo and Charles Wisniowski
When pressed further, Middleman noted that getting acquisitions approved in the Empire State can “take a long time”…
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Analysts: The Wells Fargo-Ocwen MSR Deal No Longer Makes Sense

November 3, 2014
Paul Muolo
A recent research note from Sterne Agee predicts higher operating costs for Ocwen because of its ongoing regulatory disputes with the New York Department of Financial Services.
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Freedom Mortgage Buying LI Lender CHL Through ‘Asset’ Purchase

November 3, 2014
Paul Muolo
With Continental Home Loan under its umbrella, Freedom believes its production run-rate will be $2 billion a month.
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Short Takes: Mortgage Brokers Putting All Their Eggs In One Basket? / Are Cash-Out Refis Making a Comeback? / Piggy-back Loans Too? / Holy Ellie /MI Update

November 3, 2014
George Brooks and Paul Muolo
What? Are piggy-back mortgages making a comeback?
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LoanDepot Expected to Sign Purchase Agreement on Mortgage Master

October 31, 2014
Paul Muolo
The privately held Mortgage Master is on track to originate $5 billion this year, all of it through the retail channel.
Read More

What We’re Hearing: 40 Percent of Lenders May Disappear Via M&A? / Less Competition? / They’ll be Back / Benjamin Lawsky, a Nice Guy, Really / Provident Exiting Certain States?

October 31, 2014
Paul Muolo
One veteran mortgage trade group official, a staunch Republican no less, told us that Lawsky is an “honest and bright guy,” adding that he understands the issues.
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Ocwen Sets Aside $100 Million for Potential Settlement with the NYDFS

October 30, 2014
Paul Muolo
The share price of Ocwen Financial recently fell to a 52-week low of $18.47, a 70 percent decline that has wiped out at least $5 billion in market equity.
Read More
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