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Home » Authors » Paul Muolo

Articles by Paul Muolo

Industry Expects GSEs to Double Seller Net-Worth Minimum

February 13, 2013
Paul Muolo
Officially, the GSE net-worth minimum is set at $2.5 million, but some in the industry think it will double eventually.
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Industry Can Question CFPB on Mortgage Rule Interpretations

February 13, 2013
Paul Muolo
The CFPB said mortgage lenders can ask the agency "important" interpretation questions on the many rules that it finalized this year.
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Short Takes: FHA Chief Worries About Pricing Borrowers Out of the Market / Fortress Has Plenty of Cash to Spend on MSRs / Former Freddie Executive Key Player in Cerberus REIT / New Penn Hires Correspondent Chief / Fay Servicing Who?

February 13, 2013
George Brooks and Paul Muolo
Fortress Investment Group has raised $1.6 billion to buy mortgage assets, including servicing rights.
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JPMorgan Chase Working on Jumbo MBS

February 12, 2013
Brandon Ivey and Paul Muolo
JPMorgan Chase is working on a jumbo MBS deal but it may place the bond in the the private market.
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FHFA Kills Plan to Lower Force-Placed Insurance, But Fannie Adamant

February 12, 2013
Paul Muolo
The Federal Housing Finance Agency this week killed a plan being heavily promoted by Fannie Mae to reduce force-placed insurance rates.
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Short Takes: Is PennyMac Really a Subsidiary of PNC? / 5 Percent Will be the Downpayment Threshold in the QRM Rule / Yet Another New Player in Mortgage Insurance / MIAC Selling MSRs

February 12, 2013
Paul Muolo
Is PennyMac Financial Services, which just filed for an IPO, really part of PNC?
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Wells Fargo Contemplates Servicing Sales

February 11, 2013
Paul Muolo
Wells Fargo is contemplating selling some of its massive $1.906 trillion residential servicing portfolio while maintain a subservicing relationship with the end consumer.
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Hedge Fund Giant Cerberus Files IPO to Invest in MSRs, MBS, More

February 11, 2013
Paul Muolo
Hedge fund giant Cerberus is forming a mortgage investing REIT that will target not just MBS but servicing rights and related assets.
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Short Takes: BlackRock Hikes Stake in Redwood / Nationstar Has No Shortage of Bankers / Fed Governor Worries About MBS-Investing REITs / Dems Want Action on DeMarco’s Successor / Radian Loses Money But…

February 11, 2013
Paul Muolo and Charles Wisniowski
Is BlackRock up to something regarding its investment in Redwood Trust?
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Schneider Out At Vericrest / Servicing Deconsolidation, You Can’t Stop It / Green Tree Gets a Huge Warehouse Line

February 8, 2013
Paul Muolo
David Schneider, CEO of Vericrest Financial, a fast growing servicer that is rumored to be a bidder on Ally Financial’s $122 billion of mortgage servicing rights, has left the company, sources familiar with the situation told Inside Mortgage Finance. Schneider could not be reached for comment at deadline. A spokeswoman for the company would not comment on the situation but would not deny his departure either. Schneider has been building bridges in the servicing community…
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