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Home » Authors » Paul Muolo

Articles by Paul Muolo

IMA Offers Almost $1 Billion of Fannie Mae MSRs, A Larger Deal in the Works Too

June 18, 2014
Paul Muolo
The average loan size is $215,080, the average loan-to-value ratio 72 percent. The first round of bidding is scheduled for next Wednesday, June 25.
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Short Takes: Norcom Brings Its Wholesale Account Executives In-house / Government Shakes Down SunTrust? / Fannie’s Bank Statement Fraud Project / About that Revival in Mortgage Applications… / New Hires at MGIC

June 18, 2014
Paul Muolo
Norcom wants its wholesale account executives to be in the office, not traveling the roads.
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Stonegate Mortgage President Daniel Bettenburg Resigns

June 17, 2014
Paul Muolo
Bettenburg earned a base salary plus bonuses of roughly $781,742, according to the S-1 statement.
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Mortgage Broker Employment Takes it on the Chin in April; Blame the CFPB?

June 17, 2014
Paul Muolo
“Sadly, the impact of QMs [qualified mortgages] will never been quantified since most LOs will not originate borderline loans,” said New Jersey broker Brian Benjamin.
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Short Takes: HUD Nominee Castro Hedges on Eminent Domain / FHFA Associate Director Singh Departs / The Longest MSR Transfer in World History? / Ocwen Pays Fine to Massachusetts / GSEs Clear Another Transfer Tax Hurdle

June 17, 2014
George Brooks, Brandon Ivey, Paul Muolo, and Charles Wisniowski
At the FHFA, Singh was involved in strategic planning to help attract private capital to the mortgage industry, a key goal of former Acting Director Edward DeMarco…
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Treasury DFA Overseer Miller to Depart, Says Recapitalizing GSEs Would Take 20 Years

June 16, 2014
Paul Muolo
Miller said the GSEs' profitability also is "driven by income from their retained portfolios, which benefit from being funded through Treasury capital support at low rates the private market cannot obtain."
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Short Takes: California Remains the Golden State of Mortgage Companies / A Ton of Loan Officers? / A Nation of Renters? / Confirmation Hearing for FHFA IG Nominee / Newcastle to Spin-off Unit

June 16, 2014
Paul Muolo and Charles Wisniowski
The number of mortgage companies in California rose 7.8 percent on a sequential basis. Nationwide, there are 392,896 federally registered mortgage loan officers…
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FHFA Tells Congress: Fannie and Freddie are Hardly Out of the Woods

June 15, 2014
Paul Muolo
Fannie and Freddie: They keep earning money but in the eyes of the FHFA, large risks still remain.
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What We're Hearing: Disappearing Mortgage Bankers / Protect Your Loan Officers / Is There Hope for the Non-Agency Market? / Led by a Former CFC Executive, AmeriHome Will Enter the Non-QM Space / What? A Big Bank Wants to Make Reverse Mortgages?

June 13, 2014
Paul Muolo
Can James Furash, another former top Countrywide executive, pull a Stan Kurland, and turn AmeriHome into a mortgage juggernaut?
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Redwood Inks 3-Year Jumbo Purchase Agreement with FHLB System

June 12, 2014
Paul Muolo
Specifically, the mortgages will be above the Fannie Mae/Freddie Mac loan limit of $625,500. But before Redwood can buy its first jumbo loan, the Federal Housing Finance Agency must sign off on the effort.
Read More
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