Paul Muolo

Managing Editor

Recent Stories From this Author

Citi Plans to Integrate its Mortgage Division into Retail Banking
February 22, 2018 Over the past year, Citi’s MSR portfolio has shrunk by a stunning 42.1 percent…

In Wake of Warehouse Fraud, Santander Sells Business to Flagstar. Deal Will Create Nation’s Fourth Largest Warehouse Provider
February 21, 2018 Flagstar also will hire Santander’s “existing" warehouse relationship managers...

High (Interest Rate) Anxiety Starts to Seep Into the Mortgage Industry
February 21, 2018 “The new year has all of us in the MSR market off to a running start as we see increases in mortgage rates and lower...

A Great Time to Sell Servicing Rights: IMA, MIAC and Prestwick Launch Auctions
February 21, 2018 The MSR auction calendar is starting to look crowded…

Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million?
February 21, 2018 It appears that Pershing Square is now under water on its GSE investments...

The Mel Watt Factor Looms Large as GSE Reform Sags
February 20, 2018 One trade group official said a new FHFA director might be hell-bent on reducing the federal footprint in mortgages…

Movement Mortgage Cuts 75 Jobs Due to ‘Operations Improvement’
February 20, 2018 Movement locked rates on $1.1 billion of mortgages in January, an 11 percent increase from the same month a year ago. It...

Short Takes: Why GSE Reform is Truly Dead / A Tale of Two GSEs / Common Not Doing So Well / Stearns’ Future in Servicing? / SoFi Cuts Mortgage Workers / About Those Strategic Plans…
February 20, 2018 Social Finance is cutting positions in its mortgage division...

The WMIH-Nationstar Merger, a Feat of Financial Engineering
February 16, 2018 Once consummated, the merger will allow Nationstar to shelter its earnings for years to come…

What We’re Hearing: Death, Taxes and the GSEs / Sweet Tax Cows / Not a Peep Out of Pershing Square and Fairholme / The Wrath of Jeb / MSR Market Heats Up / A Huge Profit for Annaly / Citizens Bank Gets a New Mortgage Chief
February 16, 2018 Suffice to say, Fannie and Freddie are two cash cows that only a crazy person would eliminate, unless that crazy person...

Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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