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Home » Authors » Paul Muolo

Paul Muolo

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

ARTICLES

IMA, Phoenix Capital Out With Bulk MSR Portfolios

July 25, 2016
Paul Muolo
Bids on both packages are due later in the week.
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Short Takes: Big Servicing Markdowns for Nationstar and Walter? / The Tally, Thus Far, on MSR ‘Marks’ / Five Years and $7,000 / Victorian Joins CMLA / A Promotion at Capital Bank

July 25, 2016
Paul Muolo
Since the CFPB was born, the cost to originate a home mortgage has exploded...
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A 46.5 Percent Origination Gain for Wells Fargo in 2Q15, but Mortgage Income Nicked by MSR-Related Charges

July 15, 2016
Paul Muolo
The bank’s residential whole loan portfolio (based on average balances) totaled $275.85 billion at quarter’s end compared to $266.02 billion a year ago.
Read More

MBS Trading Declined in June as Rates Tumbled. A Coming Bond Market Correction?

July 15, 2016
Paul Muolo
For several months now, there have been predictions about a massive correction in the bond market, which could cause red ink to spill …
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What We’re Hearing: The Mother of all MSR Write-downs? / Maybe It Won’t be So Bad / Worrying About Ginnie Mae ‘Stress Tests’ / And This Time Everyone is Invited to the Ginnie Summit / Will Trump Leave Ginnie Mae Alone? Will Hillary?

July 15, 2016
Paul Muolo
We don’t know who will lead the new administration, though for Ginnie’s sake, it’s likely that both Donald Trump and Hillary Clinton won’t mess with the agency or its charter. Right?
Read More

JPM Grew Production by 11.6% in 2Q16; But it Marked Down its MSRs to Just 81 Basis Points. A Sign of the Times?

July 14, 2016
Paul Muolo
At June 30, JPM held $175.8 billion of residential whole loans in portfolio, a gain of $7.06 billion over the reading at March 31.
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Stonegate Mortgage General Counsel McElroy Resigns

July 14, 2016
Paul Muolo
Stonegate, like many publicly traded nonbank mortgage firms, has seen its share price suffer the past year because of declining interest rates that have forced large MSR writedowns...
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Short Takes: GOP ‘Platform’ Calls for the Plug to be Pulled on Fannie & Freddie / But IU Poll Finds Voters Have Soft Spot for the GSEs / Caliber Home Loans Major Player in New Freddie MBS / Fitch on MSR Risks

July 14, 2016
Carisa Chappell, Brandon Ivey, and Paul Muolo
The GOP convention starts in a few days and the party of Lincoln and Roosevelt (Teddy) has its daggers pointed toward Fannie Mae and Freddie Mac. Bully!
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So, Who Will Cut Pricing First? FHA or the FHFA?

July 13, 2016
Paul Muolo
One mortgage insurance lobbyist added: “Fannie and Freddie really don’t want to cut fees. It would hurt their earnings. It’s hard to imagine them doing anything right now that would reduce revenues.”
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Omaha PE Firm Partners with Alterra Home Loans for ‘Significant’ Capital Raise

July 13, 2016
Paul Muolo
In 2015, Alterra Home Loans had a growth rate of 100 percent. The firm also has a small servicing portfolio but uses a subservicer to do the processing.
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View All Articles by Paul Muolo

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