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Home » Authors » Paul Muolo

Articles by Paul Muolo

OCC Raises Concern on Bank Oversight of Appraisal Management Companies

September 12, 2013
Paul Muolo
Banking regulators are showing new concerns about appraisal management companies, especially those owned by depositories.
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Trade Groups Dismiss PATH Act in New Letter; Big Lenders Absent

September 12, 2013
Paul Muolo
The letter to members of Congress is notable for which trade groups didn't sign on, including the American Bankers Association and Mortgage Bankers Association.
Read More

Short Takes: The OCC is Watching the Jumbo and HELOC Markets Closely / New Penn Allows 50 Percent DTI on Jumbos / Consumers Love the CFPB? / Cordray Tries to Allay QM Anxiety / Maybe Rising Rates Are Good

September 12, 2013
Paul Muolo and Thomas Ressler
Loan standards are not loosening on conventional mortgages, but in the jumbo space the story is entirely different.
Read More

Pingora Hopes to Have $5 Billion in MSRs by Yearend

September 11, 2013
Paul Muolo
When it comes to mortgage servicing rights, Pingora has been a busy bee. It bought Gilpen Mortgage and has been an active bidder on several packages.
Read More

Short Takes: A 50 Percent DTI on a Jumbo? / Five Years Ago Uncle Sam Placed the GSEs Under Marshall Law / Life After Lehman Brothers / Some Ugly Application Numbers / Penny Mac Still Hungry for NPLs

September 11, 2013
Paul Muolo
It's been five long years since Uncle Sam seized Fannie Mae and Freddie Mac. Is time to give them back to shareholders?
Read More

Mortgage Layoff Carnage Just Beginning: Wells Sees Huge Decline in Volume, BofA Layoffs

September 10, 2013
Paul Muolo
At an investor conference in New York this week, officials from Wells Fargo predicted that residential originations at the bank will fall 30 percent this quarter on a sequential basis.
Read More

Short Takes: Loan Officers Spared From Layoffs, For Now / Sierra Pacific Mortgage Gets Aggressive in Retail / Loan Brokers Suffer Again? / CoreLogic Says Fewer Homes Underwater / Flood Insurance Premiums Could Clobber Vacation Home Market

September 10, 2013
Paul Muolo
Mortgage loan officers have been spared from lay-offs. But how long will it last? Brokers get dismissed again?
Read More

Redwood Says It Will Step to the Plate if FHFA Lowers Loan Limits

September 9, 2013
Paul Muolo
Publicly traded REITs like Redwood Trust would fill the void if Fannie Mae and Freddie Mac lower loan limits next year. But they will be competing against portfolio lenders.
Read More

House Majority Leader Cantor Pulls the Plug on GSE Reform?

September 9, 2013
Paul Muolo
It appears the House of Representatives is giving up on GSE reform this year. However, the Senate could move forward, even though passage is considered a long shot, at best.
Read More

Mortgage Price Competition Coming, Underwriting Could Ease

September 9, 2013
Paul Muolo
Nonbanks are making progress in picking up market share, but it's uncertain how much more turf commercial banks might cede.
Read More
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