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Home » Authors » Paul Muolo

Paul Muolo

pmuolo@imfpubs.com
@paulmuolo
Articles

ARTICLES

Short Takes: Nine Out of 10. Not Bad / Wringing Their Hands at FSOC / Risk? / Plaza Home Rolls Out New Reverse Product / A ‘Unique’ MBS from PIMCO

November 7, 2019
Paul Muolo and Brandon Ivey

So now the big question: Are nonbanks really that risky when compared to depositories? A few decades ago, Congress had to bail out the savings and loan industry to the tune of $150 billion.


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Top Servicing Vendor Black Knight and PennyMac Trade Lawsuits

November 7, 2019
Paul Muolo
PennyMac wants out of its servicing platform marriage with vendor Black Knight. As might be expected, lawsuits and nasty allegations are the order of the day. The two have been working together for 10-plus years.
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Mortgage Bankers Add Jobs but Loan Brokers Scale Back

November 7, 2019
Paul Muolo

Compared to the same month a year ago, both sectors have trimmed workers: mortgage bankers by 5,300, brokers by 3,800.


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In a Rare Feat for a Nonbank, PennyMac Offers a Dividend

November 7, 2019
Paul Muolo
PennyMac Financial is doing so well these days that it decided to declare a dividend to its common shareholders. When’s the last time a nonbank accomplished such a feat? Hard to say.
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New Residential Might Nix Stock Buyback Effort

November 7, 2019
Paul Muolo
MBS and MSR investor New Residential signaled that it might engage in a large stock buyback program, but so far there’s been no activity. It’s possible political considerations might be a factor.
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Mortgage Grapevine: Profits for LendingTree, Losses for Ocwen

November 7, 2019
Paul Muolo
Loan broker LendingTree continues to earn a profit while net earnings at Ocwen Financial remain elusive.
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Short Takes: In Praise of Current GSE Management / Sharp Elbows When it Came to Lobbying / Awaiting a Revival? / One is the Loneliest Number (Stock Analysts) / New MBS from Redwood, New Rez / Stearns Exec Finds New Job

November 6, 2019
Paul Muolo and Brandon Ivey

If Fannie and Freddie are in fact released from conservatorship will they quickly rebuild their lobbying shops?


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Is Trump Pondering a Ginnie Mae Pick? Or Something Else?

November 6, 2019
Paul Muolo

“Acting” is a title worn by many political appointees in the current administration…


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Black Knight and PennyMac Trade Servicing Platform-Related Lawsuits. ‘Entrapment’ or ‘Theft of Trade Secrets'?

November 6, 2019
Paul Muolo

PennyMac – launched by former Countrywide Financial executive Stanford Kurland in 2008 – has been using the MSP servicing platform since its inception.


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Short Takes: Time to Raid Your Competitor for LOs? / Watching Rates Rise / Apple Unveils Mortgage Assistance Program / IMA Selling S&D Loans / NAR Hires HUD Official, Deephaven Taps Quicken AE

November 5, 2019
Paul Muolo and Brandon Ivey

In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…


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