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Home » Authors » Paul Muolo

Articles by Paul Muolo

FHFA May Keep G-Fees Flat or Offer a ‘Token’ Increase; MBA Says No to Any More Hikes

September 8, 2014
Paul Muolo
In general, the industry believes a g-fee hike may not happen after all, but then there's all those "other charges."
Read More

Sources: Bank of America Sold $3 Billion in Nonperforming Mortgages

September 8, 2014
Paul Muolo
One source said the $3 billion “traded a few weeks back,” but could offer no more color on the transaction.
Read More

Short Takes: CBO Calls ‘Johnson-Crapo’ a Financial Winner / Can the GOP Ram Thru a GSE Bill Next Year? / Radian Reports Strong MI Volume / Ellington Prices Shares / MBA Announces Realignment

September 8, 2014
Paul Muolo
One question we occasionally hear is this one: If the GOP this fall gains control of the Senate can’t they just push through a GSE reform bill and hope to override a presidential veto, if there is one?
Read More

Mortgage Banking Employment Increased in July, but Brokers Cut Jobs

September 5, 2014
Paul Muolo
There are signs of life in mortgage hiring, depending on the job description. Firms looking to increase staff levels include the lending arm of Bayview Asset Management, Citadel Loan Servicing and Carrington Mortgage Services.
Read More

What We’re Hearing: Good, Let the Banks Get Out of Mortgages / Quicken Loans Comes on Strong / Can JPM Even Compete with Quicken? / Who Might Buy Ocwen, Nationstar? Anyone? / Carrington Expands in the Midwest / Dovenmuehle Who?

September 5, 2014
Paul Muolo
Does JPM's Jamie Dimon really care about the mortgage business? Or is he in it for the CRA credits?
Read More

Kroll: Mortgages are Becoming ‘Unattractive Assets’ For Commercial Banks

September 4, 2014
Paul Muolo
Commercial banks and residential mortgages: is the great love affair over? Yes, says Kroll.
Read More

Nonbank Lender LoanDepot Moves Into Consumer Loans

September 4, 2014
Paul Muolo
Originating unsecured consumer loans can be a risky venture, but LoanDepot says it wants to drive growth. Of course, it doesn't have any public shareholders to answer to.
Read More

Short Takes: Former FHFA Chief DeMarco Passes on One Job, But Goes to Milken / DeMarco Pens His First Paper / CHLA Against G-Fee Hike / Home Equity Lending on the Rise / Big Banks May Have to Report Certain Mortgage Info Monthly

September 4, 2014
Paul Muolo, John Bancroft, and Brandon Ivey
Can former FHFA director Ed DeMarco affect the debate on the future of Fannie Mae and Freddie Mac? Can anyone?
Read More

Ranieri-Affiliated Lender New Penn Buys $1-Billion-a-Year Originator

September 3, 2014
Paul Muolo
The sale of Shelter is one of the largest mortgage M&A deals of the past few months and could mark the beginning of an active second half of industry consolidation.
Read More

18 FHLB Members Affected by Proposed FHFA Ban on Captive Insurers

September 3, 2014
Paul Muolo and Charles Wisniowski
Analysts at FBR & Co. view the ban as an “earnings issue” because “replacement financing would likely be more expensive than existing financing.”
Read More
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