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Home » Authors » Paul Muolo

Articles by Paul Muolo

MountainView Offering Just Over $2 Billion in MSRs

June 5, 2013
Paul Muolo
The MSR sales machine is cranking up at MountainView.
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Short Takes: Rep. Issa Wants Answers on FHA MMI Audit / Mortgage Applications Tumble Again / Subprime MBS to Hit the Market / First Guaranty Mortgage Continues its Expansion / LPS Upgrades Network

June 5, 2013
George Brooks and Paul Muolo
Is a scandal brewing at FHA concerning how it handled the independent audit of the Mutual Mortgage Insurance fund or is it "politics"?
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Conix Coming to Market with MBS Backed by Nonperforming Mortgages

June 4, 2013
Paul Muolo
Conix Inc. is in the market with an MBS backed by nonperforming mortgages. Could other deals be far behind?
Read More

Cole Taylor Buys $600 Million of MSRs From Liberty, Will Build Platform

June 4, 2013
Brandon Ivey and Paul Muolo
Cole Taylor Mortgage is getting serious about the servicing business. It purchased a portfolio from Liberty Savings and plans to start its own in-house platform.
Read More

Corker-Warner GSE Bill Seeks to Establish ‘Credit Risk-Sharing’ for Mortgages

June 4, 2013
Paul Muolo
There is at least one curiosity in the GSE draft bill: any individual who ever served as a director of the Federal Housing Finance Agency is prohibited from serving as a board member on the new Federal Mortgage Insurance Corp.
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Short Takes: Will Ellington Go on a Purchase Tear Under Abreu? / Jumbos Remain Hot / Stonegate Unveils New Jumbo Loan / Bank ABS Holdings Fall Slightly / Broker Employment Shows Signs of Life

June 4, 2013
John Bancroft and Paul Muolo
Ellington Management under new mortgage chief Steve Abreu may go on a purchase tear, rolling up companies.
Read More

Nationstar Using Merrill for Unsecured Debt, May Buy More MSRs from BofA

June 3, 2013
Paul Muolo
It looks like a sweet deal for Nationstar: Merrill Lynch helps sell its unsecured debt and then off loads some of its legacy MSRs to the nonbank.
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Short Takes: Ginnie Mae Servicing Continues to Rise / Bank Loan Officers in a Quandary / How Low Will Delinquencies Go? / White House Hopeful on Refi Plan / NTC Gets a Kiss of Approval From Kiss

June 3, 2013
George Brooks and Paul Muolo
We continue to hear reports that certain commercial banks are discouraging their residential loan officers to take the state test and get licensed.
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Funds Run by Former Lehman Manager Reveal Huge Holdings in GSE Preferred

June 3, 2013
Paul Muolo
Speculators have been gobbling up GSE junior preferred and common, hoping for a payout down the road tied to either the resumption of dividends or money that might come from a recovery fund.
Read More

EverBank Has Bid List for Jumbo MBS, MountainView Sets Jumbo Auction

May 30, 2013
Brandon Ivey and Paul Muolo
The jumbo market is heating up with offerings from both EverBank and MountainView.
Read More
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