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Home » Authors » Paul Muolo

Articles by Paul Muolo

PHH Getting Ready to Unload Mortgage Servicing Rights?

August 19, 2013
Paul Muolo
PHH Mortgage may unload billions of dollars in housing receivables, while remaining as the subservicer on the underlying loans.
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Short Takes: Provident Top Ranked Table Funder in 2Q / Realty Giant Files to Go Public, Cites Mortgage Risks / Mini-Correspondent Programs Sprout Up / Ex-Fannie Executive Wants Justice, Privatization / How to Spy on the CFPB

August 19, 2013
Paul Muolo and Thomas Ressler
Mini-correspondent lending is hot, but wholesale may be on the decline. Surprise: RE/MAX files to go public.
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Report: 20 Percent Downpayment, Premium Recapture Gone From QRM Rule

August 15, 2013
Paul Muolo
FBR notes that a key provision in the draft QRM rule is that any mortgage securitized by Fannie or Freddie is automatically a QRM.
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Cole Taylor Mortgage Sale Heats Up

August 15, 2013
Paul Muolo
Cole Taylor Mortgage is talking to several semi-finalists that want to buy the company. Meanwhile, it's business as usual at the bank-owned lender.
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Short Takes: PennyMac’s Recent NPL Deals Near $1 Billion / Cash-Out Refis Continue to Tank / MGIC Shows More Progress / MountainView Hopes to Capitalize on Mortgage M&A / Surprise: HUD Cancels Some Furlough Days

August 15, 2013
George Brooks and Paul Muolo
PennyMac is once again stepping up to the NPL plate with some major deals. Meanwhile, cash-out refis continue to dwindle.
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PennyMac Raising $248 Million in Equity, Will Buy Nonperforming Loans

August 14, 2013
Paul Muolo
The market did not react kindly to PennyMac's announcement about selling more shares of common stock.
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Bank of America Selling $22 Billion of Ginnie Mae MSRs

August 14, 2013
Paul Muolo
If you thought that Bank of America was done selling mortgage servicing rights, think again.
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Short Takes: Going, Going, Gone: GSE Buybacks? / CapWest Enters the Wholesale Arena / Redwood About to Reward Its Executives? / The Terrible Twos for the CFPB / Fannie Mae Hired Someone It Was Suing

August 14, 2013
Paul Muolo and Thomas Ressler
It would appear that the GSE buyback scourge may be winding down. Meanwhile, Fannie Mae has egg on its face over someone it hired.
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FHFA Hires Spencer Stuart for Common Securitization Platform CEO Search

August 13, 2013
Paul Muolo
FHFA has handed over a list of CEO candidates to Spencer Stuart, which bills itself as an international recruiting firm with 54 offices in 29 countries.
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Wells Fargo Continues Retail Domination, Chase a Distant Second

August 13, 2013
Paul Muolo
Over the rest of the decade will any lender be able to challenge Wells Fargo's dominance in the retail channel? A new ranking suggests not.
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