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Home » Authors » Paul Muolo

Articles by Paul Muolo

FHFA Keeping a Careful Eye on Bulk MSR Deals, Capacity a Concern

February 7, 2013
Paul Muolo
The Federal Housing Finance Agency is concerned about large scale transfers of mortgage servicing rights.
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Short Takes: Nationstar Targets the Magic $500 Billion Mark in MSRs / Annaly Sells MBS and Makes a Killing / PHH Sees GOS Slip / Second Lien NPLs Red Hot?

February 7, 2013
Paul Muolo
Nationstar sets a target goal of amassing $500 billion of mortgage servicing rights.
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Correspondent Loans Sold to Fannie and Freddie Rise

February 6, 2013
John Bancroft and Paul Muolo
Residential mortgages sourced through the correspondent channel and sold to Fannie Mae and Freddie Mac increased by 26 percent in 2012 compared to the year before.
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Morgan Hikes Stake in Fortress, Which Controls Nationstar, to 5.1 Percent

February 6, 2013
Paul Muolo
Morgan Stanley recently increased its ownership stake in Fortress which in turn controls a large block of Nationstar stock.
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Nationstar, in a Bid to Diversify, Agrees to Buy Settlement Services Division From Equifax

February 6, 2013
Paul Muolo
Nationstar Mortgage has agreed to buy the settlement services unit of Equifax.
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Short Takes: First Guaranty’s MSRs Hit $1.5 Billion / Fear of Higher Net Worth Rules for GSE Sellers / FHFA Watchdog Looking For Tips on Fannie and Freddie Abuses / Genworth MI Continues to Struggle

February 6, 2013
Paul Muolo and Charles Wisniowski
First Guaranty is experiencing strong growth in its servicing business. Meanwhile, lenders worry about higher net worth requirements from the GSEs.
Read More

Sued by DOJ, S&P Was Top Rating Agency of Subprime MBS During Go-Go Years

February 5, 2013
Paul Muolo
Standard & Poor's, which had a huge ratings market share tied to subprime MBS, was sued by the government for negligence.
Read More

Bank Known for Its Entertainment Business Enters Warehouse Space

February 5, 2013
Paul Muolo
City National Bank of Los Angeles is entering the mortgage warehouse business.
Read More

Ally Says It Will Portfolio Jumbos

February 5, 2013
Paul Muolo
Ally Bank will originate and keep jumbo mortgages in the bank's portfolio.
Read More

Short Takes: FHA’s Delinquency Count: $133 Billion? / Fannie and Freddie Not Needed? / Federal Reserve: No Loosening of Credit Standards

February 5, 2013
Paul Muolo and Charles Wisniowski
FHA is looking at $133 billion of troubled mortgages.
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