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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Home Equity Lending Becoming Red Hot? / ICBA’s Fine Not-So-Fine with a Single GSE MBS / MSR Mark-Ups Slow / Yet Another Lender Launches a Builder Unit / Auction.com Hires LinkedIn Exec

August 13, 2014
Paul Muolo
Wells Fargo, the nation’s largest servicer, has assigned an 80 basis point value to its residential MSR portfolio, but the nation’s number-two servicer, JPMorgan Chase, has its MSRs booked at 106 bps…
Read More

Ocwen Says Financials for 2013 and 1Q14 Are Not GAAP Compliant

August 12, 2014
Paul Muolo
Is Ocwen Financial's accounting adjustment much ado about nothing or a potential regulatory headache?
Read More

Birch Hedge Fund Increases Stake in Walter Investment

August 12, 2014
Paul Muolo
FBR lowered earnings projections for Walter Investment, citing “increased regulatory uncertainty."
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Short Takes: Mortgage M&A: Lots of Talk, Not Much Action / New Penn Rolls Out Non-QM Loan / Arizona Mortgage Office Open to Offers / Auction.com Ramps Up Commercial Sales / Walter Seeks a New COO

August 12, 2014
Paul Muolo
A top producing office in Arizona for one mid-sized lender is making it widely known that it would like to move the entire staff to another firm...
Read More

FHFA Steps Up Creation of Single GSE MBS, But No ‘Comingling’ at First

August 12, 2014
Paul Muolo and Charles Wisniowski
Fannie-backed MBS, in general, trade better than Freddie participation certificates (PCs), which has resulted in guaranty fee pricing differentials between the two.
Read More

Walter Posts $12.9 Million Loss for 2Q, Servicing Growth Anemic

August 11, 2014
Paul Muolo
At June 30, Walter/Green Tree serviced $235.2 billion in mortgages, almost flat compared to March 31.
Read More

Massachusetts Bank Selling Bulk Fannie Mae MSR Package

August 11, 2014
Paul Muolo
One of the largest packages currently out for bid is a $1.2 billion Fannie Mae/Ginnie Mae portfolio from Interactive Mortgage Advisors.
Read More

Short Takes: Why is Galante Leaving FHA? / Not All Lenders are Suffering (Compared to Last Year) / Stonegate Has to Spend Money to Make Money / Caliber Hires Builder Chief

August 11, 2014
Paul Muolo
Stonegate Mortgage last week posted a meager second quarter profit of $300,000.
Read More

Lots of Talk, But Actual Deals? Not So Much

August 7, 2014
Paul Muolo
With origination volumes sucking wind this year, plenty of mortgage companies are pondering whether now is the time to sell, but so far few deals of any size have been consummated. That may change in the coming months.
Read More

Freddie Mac Pulls Off First Nonperforming Loan Sale: $659 Million

August 4, 2014
Paul Muolo
Freddie Mac sold a $659 million package of “deeply” delinquent loans from its investment portfolio – a first for the government-sponsored enterprise.
Read More
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