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Home » Authors » Paul Muolo

Articles by Paul Muolo

Still No Guaranty Fee Parity? Fannie G-Fees at Almost 57 Basis Points

November 13, 2013
Paul Muolo
One trade group official told Inside Mortgage Finance that despite efforts by the Federal Housing Finance Agency to create g-fee parity for lenders of different sizes, there has been little in the way of progress.
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Short Takes: White House’s Stock Takes Stock of Mortgage Market / FGMC Expands Out West / CFPB Chief Connects Student Debt to Home Buying / Would Mortgage Bankers Cheat on Regs? / Radian Builds Cash

November 13, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Are mortgage bankers so diabolical that they attempt to find a way around new regulations? Industry consultant Joe Garrett of Garrett, McAuley & Co. thinks so.
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$1 Billion for a Mortgage Vendor With Annual Revenues of $130MM?

November 12, 2013
Paul Muolo
Can Ellie Mae get a deal done with residential originations expected to slow in 2014?
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Servicing Prices Become a Little Less Frothy, Deals May Get Pushed Into 2014

November 12, 2013
Paul Muolo
The frothy prices being offered for MSRs are beginning to cool somewhat. “There’s definitely a tighter range on bids lately,” said Matt Maurer, managing director of MountainView Servicing Group.
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Short Takes: What Makes a Good Mortgage Loan Officer? / Fitch May Want a Loan’s QM Status Spelled Out / Ex-Congressman Takes Credit for FHFA’s MBS Lawsuit / Cordray Won’t Give on QM Deadline / Nationstar Using LSAMs

November 12, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
Paul Rozo, who runs PRMG, told us that he is not a big fan of call centers and that every LO in his organization is a “hunter,” a sales person “who relies on referral business and/or handling their own marketing."
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Freedom Mortgage May Hire Up to 500 Loan Officers

November 11, 2013
Paul Muolo
Freedom Mortgage chief Stan Middleman sees a "vacuum" in the mortgage market caused by retreating commercial banks.
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PennyMac Financial Buys $10.3 Billion of MSRs, Inks Another Deal as Well

November 11, 2013
Paul Muolo
PennyMac is showing that it's hungry for mortgage servicing deals.
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Short Takes: Mortgage LOs May Soon Earn Less Money / Will 2014 be an NPL Bonanza? / Citadel in the Hunt for Wholesale AEs / MGIC Sees Improved Results / Pension Funds Lose Freddie Mac Lawsuit

November 11, 2013
George Brooks, Paul Muolo, and Charles Wisniowski
According to Alice Alvey of Indecomm Mortgage U, “many shops are reassessing originator comp plans for January 2014 to adjust to the changing margins and seize the opportunity to blame it on the change in the law."
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Mortgage Firms Are Cutting Jobs Left and Right, But Loan Officers – So Far – Have Been Spared

November 8, 2013
Paul Muolo
If a residential loan officer isn't doing at least six units per month, should he (or she) be fired?
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What We’re Hearing: Fire All Underperforming Loan Officers / CoreLogic Bolts Due Diligence Sector / Rep. Hensarling Bashes Fannie and Freddie (Again) / MBA’s Stevens Calls GSEs “Insurance Brokers” / NMI Prices IPO

November 8, 2013
Paul Muolo
The mortgage slowdown will separate the men from the boys, the girls from the ladies. It's time to fire all underperforming loan officers, says mortgage consultant David Lykken.
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