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Home » Authors » Paul Muolo

Paul Muolo

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

ARTICLES

Fairholme Chief Bruce Berkowitz on GSE Legal Setback: ‘This is far from over.’

February 23, 2017
Paul Muolo
At last check, Fairholme valued its stake in Fannie/Freddie at roughly $115.7 million.
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Short Takes: More on Ocwen’s CFPB Problem / An Invitation to Write a NORA Letter / MSR Buying Dreams Up in Smoke? / Ocwen for Sale Eventually? / A New Hire for ClosingCorp

February 23, 2017
Paul Muolo
The disclosure comes on the heels of a recent legal settlement in California that paves the way for Ocwen to buy servicing rights once again...
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Thanks to Rising Rates, MSR Gains Boost Nationstar’s 4Q16 Bottom Line; Strong Revenue Growth Overall

February 22, 2017
Paul Muolo
Nationstar said it expects to board $144 billion of additional contracts in 2017, $111 billion of which is subservicing for New Residential Investment Corp.
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PE Investors Making Bets on Mortgage ‘Disruptors.’ Building a Better Mousetrap?

February 22, 2017
Paul Muolo
Nexera founder and CEO Steve Abreu – a former GMAC executive – said there’s a great deal of interest from PE firms in the “disruptor” segment…
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NAR Wants the GSEs to Reduce Fees, Complains to FHFA about Fannie Financing SFRs for Wall Street

February 22, 2017
Paul Muolo
Freddie Mac has yet to enter the SFR market in any significant way, but may soon, its CEO told IMFnews recently…
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Short Takes: A Huge Rally for Fannie, Freddie Common (for Today At Least) / Will Investors Lose Patience with Pershing Square and Bill Ackman? / FIG Purchase by Japanese Bank Won’t Affect New Residential / Parkside Expands Jumbo Offerings

February 22, 2017
Brandon Ivey and Paul Muolo
Market watchers must be wondering just how long investors will continue to believe in the GSE “bet” made by hedge fund manager Pershing Square Capital Management.
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MSR-Investing REIT New Residential More Than Doubles 4Q Profit to $225 Million

February 21, 2017
Paul Muolo
At Dec. 31, New Residential valued its mortgage servicing portfolio at $659 million...
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Ocwen Share Price Spikes After Servicer Settles with California

February 21, 2017
Paul Muolo
“This is a fair and just settlement for California consumers,” said CDBO Commissioner Jan Lynn Owen. “The terms will hold Ocwen accountable for widespread violations of laws that harmed borrowers in our state.”
Read More

Short Takes: CoreLogic Executive Departs. No Reason Given / Getting Excited About Ocwen? / What Does Bill Erbey Know? / MountainView Hits Market with Two New MSR Deals / Norcom Expands Into Tampa

February 21, 2017
Paul Muolo
No details were available on why Dave Hurt parted ways with CoreLogic...
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U.S. Appeals Court Rules for Government in Key GSE Case; Price of Fannie, Freddie Common Clocked

February 21, 2017
Paul Muolo
Writing for the majority, the Appeals Court notes: “We hold that the stockholders’ statutory claims are barred by the Recovery Act’s strict limitation on judicial review …"
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