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Home » Authors » Paul Muolo

Paul Muolo

pmuolo@imfpubs.com
@https://twitter.com/paulmuolo
Articles

ARTICLES

Coronavirus Whipsaws Market. Mortgage Rates Head North, Deep Fears on MSR Marks

March 12, 2020
Paul Muolo

Oddly enough though, last week’s rate dive was beginning to reverse somewhat, with loan officers reporting higher mortgage rates being offered every day this week.


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Subservicing Contracts Move North as Some Players Prepare to Exit

March 12, 2020
Paul Muolo
Subservicing vendors continued to make gains in the fourth quarter as the appetite for outsourcing grew. In short, some MSR owners just don’t want to deal with the hassle of loan processing and regulations. (Includes data chart.)
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Short Takes: Armageddon Coming for Some? / A Difference of 117 Basis Points / Ocwen Insiders Confident, Buying Shares / NAHREP Cancels Show, Re: Coronavirus / A New Hire for Waterstone

March 11, 2020
Paul Muolo

When are declining rates bad? When you own mortgage servicing rights...


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Short Takes: Shocked to Find Gambling in the Mortgage Establishment! / In the Past… / Don’t LOs Dictate Terms / FHFA, FHA Roll Out Forbearance / Ed Wallace Departs CMLA

March 10, 2020
Paul Muolo

It's come to this: Coronavirus-related mortgage forbearance...


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Bank of America Securities Executive Bolts for New Rez

March 10, 2020
Paul Muolo

New Rez is owned by mortgage REIT NRIC, a major buyer of mortgage servicing portfolios the past half-decade…


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A-Paper Mortgage M&A: Slow, Slow and Slowing

March 10, 2020
Paul Muolo

Chuck Klein of Mortgage Banking Solutions: “I don’t see much interest in selling. Buyers aren’t willing to pay a premium.”


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Short Takes: Coronavirus Contingency Plans? / Why Haven’t Mortgage Rates Fallen Further? / A Large Loss for Ocwen Vendor Altisource / The Top Five Expanded Credit Lenders Are… / Wells Fargo Vet to Retire

March 9, 2020
Paul Muolo

Another large loss for Altisource. Stock falls to a new 52-week low...


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Stocks Plunge, Treasury Yields Plunge, Pipelines Swell?

March 9, 2020
Paul Muolo

The the spike in refi activity has “meaningfully” increased the pricing power for originators, said KBW. The research firm said gain-on-sale margins from secondary market loan sales should be exceptionally strong.


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Short Takes: Panic Sets In, Rumors Spread / Living at the Office / Be Nice to Your Processors and Underwriters / MBA Cancels Tech Show, Citing Coronavirus Concerns / A Word From Quicken’s Jay Farner

March 6, 2020
Paul Muolo

Mortgage loan officers should take one last look at their loved ones because if the 30-year fixed-rate vanilla mortgage falls below 3.0% they’ll be living at the office as new customers pour through the door (or Internet) like a zombie apocalypse…


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As Rates Keep Falling, a Stampede Into MBS?

March 6, 2020
Paul Muolo

Bond market guru Jeff Gundlach: “Treasuries are no longer a place where you can make money. Treasuries are where you go when you don’t want to lose money.”


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