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Home » Authors » Paul Muolo

Articles by Paul Muolo

Fannie Mae Ban on Buying Purchase Loans from BofA Remains In Place

April 18, 2013
Paul Muolo
Bank of America entered into a massive buyback settlement with Fannie Mae in January, but has yet to sell any 'purchase' loans to the GSE in 2013. However, this may change soon.
Read More

Earnings Soar At Ocwen Spin-off, Home Loan Servicing Solutions

April 18, 2013
Paul Muolo
It appears that Home Loan Servicing Solutions, a buyer of residential servicing rights, is making money hand-over-fist.
Read More

Short Takes: FHA Awards NPL Pools to Bayview, RBS, Others / Wells Continues to Dominate Ginnie Mae Issuance Business / Ocwen Gets New General Counsel / Mortgage Master Recruiting Loan Officers in California

April 18, 2013
Paul Muolo
The Federal Housing Administration recently auctioned off $2.2 billion of nonperforming mortgages, getting about 45 cents on the dollar.
Read More

BofA Posts Another Mortgage Loss, GOS Falls, But Bank Grows Production with Refis at 91 Percent

April 17, 2013
Paul Muolo
Although all of Bank of America earned $2.6 billion in the first quarter, its mortgage business lost money thanks to legacy problems. Also, it appears the bank is addicted to refis.
Read More

FHFA Hires Search Firm to Find CEO for MBS Platform, Candidates Approached

April 17, 2013
Paul Muolo
CEO candidates are being approached by the Federal Housing Finance Agency to run the new single-GSE MBS platform.
Read More

Short Takes: Small Banks in Oklahoma Exit Mortgages Because of CFPB? / QM Rule Causes Fear and Loathing / Citigroup Aggressive in Jumbos / BofA Settles Countrywide MBS Case for $500 Mil / Applications Rise

April 17, 2013
Paul Muolo and Thomas Ressler
The CFPB is a tough cop on the beat, no doubt. But is the agency and its rules causing certain banks in Oklahoma to exit the residential lending sector?
Read More

Auction of Nonperforming Loans by Fannie Mae on Hold?

April 16, 2013
Paul Muolo
It appears that Fannie Mae is dialing back on its plan to sell nonperforming residential loans.
Read More

Originations at Top 100 Grew by 31 Percent Last Year, Nonbanks Have Strongest Growth

April 16, 2013
Paul Muolo
Nonbank lenders had the strongest growth last year in terms of new originations, according to new figures compiled by Inside Mortgage Finance.
Read More

Ex-CFPB CIO Launches Compliance Venture for Third-Party Mortgage Investors

April 16, 2013
Paul Muolo
Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.
Read More

Short Takes: Nationstar Mortgage Directors Clean Up / Flagstar Selling MSRs / Walter Wants to Keep Some Secrets / BofA’s Hit on Countrywide: $41 Billion / CFPB Deputy Director Meets the Hill

April 16, 2013
Paul Muolo and Thomas Ressler
Four non-management directors at Nationstar Mortgage earned almost $1.5 million last year. Meanwhile, it appears Flagstar is selling some of its MSRs.
Read More
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