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Home » Authors » Paul Muolo

Paul Muolo

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

ARTICLES

Short Takes: PHH on TPO: Subpar Profits / Mortgage Broker Share Holds Steady / Broker Blame? / NAMB’s New Identity / Home Point Hires Account Executives

May 5, 2016
Paul Muolo
PHH said in a new SEC filing: “We will not be pursuing our previously communicated acquisition strategy at this time..."
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Fannie Mae’s Net Profit Fell 54 Percent After the GSE Took a $2.8 Billion Hit on Derivatives

May 5, 2016
Carisa Chappell and Paul Muolo
G-fees – which have been rising in recent years – are ultimately paid by borrowers.
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A Sale of PHH/Assets Looms Large After 1Q Loss, Declining Revenue and Falling Originations

May 5, 2016
Paul Muolo
Earlier this year, management signaled that the nonbank is considering its options...
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Short Takes: The New Mortgage Normal: Volatility / When Red Turns to Black / Citadel on a Hiring Spree / Stearns Gets a New CFO / Would Your Lending Shop Accept Private Flood Insurance?

May 5, 2016
George Brooks, Carisa Chappell, and Paul Muolo
Is the end near for servicing writedowns? Hedging marks?
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Banks Toy with Creating an ‘FHA-Like’ Mortgage for Portfolio; But Can it Fly?

May 5, 2016
Paul Muolo
FHA lending via the retail channel by many of the nation’s largest depositories has plummeted in recent years...
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Hammered by MSR Writedowns, Nationstar Posts $133 Million Loss for 1Q16

May 4, 2016
Paul Muolo
When are falling rates a bad thing? Answer: When you own a ton of mortgage servicing rights.
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‘Marketplace’ Lender SoFi Gets Fannie Approvals; Continues to Sell Jumbos into the Secondary

May 4, 2016
Paul Muolo
SoFi, also known as a “peer-to-peer” lender, said it admires Fannie Mae’s “commitment to technological innovation in mortgages…”
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Short Takes: The $55 Billion Subservicing Contract Mystery / Who Lost It, Anyone? / A Shakeout for P2P? / MSR Auctions Increase / Another Step Down for Ocwen’s Stock

May 4, 2016
Paul Muolo
Sometimes when a subservicer – especially a publicly traded one – snags a new client, the company publicizes the event...
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Freddie Books $4.56 Billion Hedging Loss for 1Q. But Net Loss is Just $354 Million. No Assistance From Uncle Sam (At This Time)

May 3, 2016
Paul Muolo
For the past several weeks, speculation was rife that if the yield on the 10-year bond remained under 2.0 percent at March 31 Freddie might book a large hedging loss...
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Is the Mortgage M&A Market Dead in the Water? No More ‘Franchise’ Deals?

May 3, 2016
Paul Muolo
Larry Charbonneau, who runs a boutique advisory firm, said, “The number of willing sellers doesn’t meet the number of willing buyers...”
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