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Home » Authors » Paul Muolo

Paul Muolo

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

ARTICLES

New Residential Stays MSR Hungry

February 10, 2020
Paul Muolo

Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. 


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Short Takes: Wells Fargo Manager Hangs Out His Own Shingle / Good Luck Mr. Renfroe / Ocwen’s Shares Get Frothy? / A Stock Buyback / Genworth MI Turns a Profit, Its Parent Not So Much

February 7, 2020
Paul Muolo

How many more Ryan Renfroes are out there?


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Ocwen Says Its Money-Losing Days May be Over, Hikes Origination Forecast to $15B

February 7, 2020
Paul Muolo

Ocwen is predicting that better days are ahead for the company, including (possibly) $15 billion in originations this year...


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JPM May Reenter FHA Direct. Ramifications for Ginnie Issuers?

February 6, 2020
Paul Muolo
In a surprise move, Chase this week said it’s contemplating a return to FHA direct lending. Ramifications for the Ginnie MBS market? Yes.
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Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor

February 6, 2020
Paul Muolo and Yemeng Yang

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...


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Chase Admits it May Return to FHA Direct Lending. HUD Secretary Applauds the Move

February 6, 2020
George Brooks and Paul Muolo

Former FHA Commissioner Dave Stevens: “The absence of banks in FHA has been a challenge ever since the False Claims Act was used as an excessive enforcement mechanism, making it far too great a risk to participate in the program.”


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The New Rez MSR Acquisition Machines Keep Rolling Along

February 6, 2020
Paul Muolo
Low interest rates are holding back buyers of MSRs but don’t tell that to New Residential Investment Corp. The REIT keeps acquiring bulk servicing portfolios.
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FHFA Moves to Tighten Servicing Liquidity. Time to Worry?

February 6, 2020
Paul Muolo
Nonbanks might need to come up with additional cash to hold against their MSR positions if the FHFA gets its way. A game changer? Probably not.
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Mortgage Grapevine: Genworth Sale Still Alive / Strong MGIC Results

February 6, 2020
Paul Muolo and Yemeng Yang

A tale of two MIs: Genworth and MGIC. Also: Mortgage monitoring in Puerto Rico.


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Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

February 5, 2020
Paul Muolo and Brandon Ivey

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…


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