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Home » Authors » Paul Muolo

Paul Muolo

pmuolo@imfpubs.com
@paulmuolo
Articles

ARTICLES

Fannie Mae Reports Strong Earnings for 3Q17, but $1B in Hurricane-Related Charges; Large Exposure to ‘Maria’

November 2, 2017
Paul Muolo and Carisa Chappell
Fannie Mae CEO Timothy Mayopoulos added: “Damage from the storms will be with us for a long time.”
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Fannie Mae Reports Strong Earnings for 3Q17; Hurricanes Hurt but RBS Settlement Helped

November 2, 2017
Paul Muolo and Carisa Chappell
Through the first nine months of the year, Fannie has posted impressive net earnings of $9.02 billion.
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Nationstar Reports a $7 Million Profit for 3Q17. Smaller MSR Markdowns

November 2, 2017
Paul Muolo
Nationstar originated $4.25 billion of new home mortgages in 3Q17…
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Between Multiple Hurricanes and Wild Fires, a Market Develops for a New Breed of ‘Scratch & Dent’ Loans

November 2, 2017
Paul Muolo
According to bidders in the market, the early action focuses on loans that are “stuck” on warehouse lines.
Read More

Short Takes: GSE Reform? What’s the Rush? / Calabria, an FHFA Director Candidate? / Capping the Mortgage Interest Deduction at $500,000 / TCF to Buy Nonbank Mortgage Firm

November 2, 2017
Paul Muolo, Brandon Ivey, and Carisa Chappell
Mark Calabria is not exactly a fan of the GSEs...
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As Year Draws to a Close, a Rush to Get Servicing Packages Sold

November 1, 2017
Paul Muolo
There continues to be some nervousness about VA receivables because of streamlined refinancings, although regulators are trying to curb abuses in the program.
Read More

Mortgage Applications Decline Again

November 1, 2017
Paul Muolo
The trade group also found that refinancings are declining as well: down to 48.7 percent of all new applications from 49.5 percent for the week ending Oct. 20.
Read More

Short Takes: Fannie Mae Readies 3Q17 Results / Should be a Good Quarter / Another Reverse Lender Hits the Auction Block? / Rejection Rates for FHA, VA Loans / A New Hire for Stearns

November 1, 2017
Paul Muolo and George Brooks
Look for another reverse mortgage lender to hit the auction block...
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Thanks to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax); Almost $1B in Hurricane-Charges

October 31, 2017
Paul Muolo
In late December, Freddie will make its regular quarterly dividend payment to the U.S. Treasury, which holds its senior preferred shares. When it does, most of the $4.67 billion in net earnings will be swept into the general fund.
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Thanks (In Part) to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax)

October 31, 2017
Paul Muolo
Freddie Mac set aside almost $1 billion in reserves for "recent hurricane activity."
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View All Articles by Paul Muolo

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