Paul Muolo

Managing Editor

Recent Stories From this Author

More Red Ink for Ditech in 3Q and Another Potential Trip into Bankruptcy
November 15, 2018 Ditech said the company is in talks with “certain” corporate debt holders regarding another possible "court supervised"...

Very Good News: MMIF Capital Ratio Improves to 2.76 Percent. As for a Cut in Premiums…
November 15, 2018 The fund's value has improved, but FHA premiums will not be cut...

Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS
November 15, 2018 If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.

After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More
November 15, 2018 The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”

A Brighter Future for Non-Agency May Translate Into Better Days for Trading Desks
November 14, 2018 Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…

A Blood-curdling Stat: Refi Index Falls to (Almost) 20-Year Low
November 14, 2018 One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had...

1,400 Stakeholders Contacted as Part of GSE UMBS Conversion
November 14, 2018 Fannie and Freddie and their joint venture, Common Securitization Solutions, will implement the SSI and issue the first UMBS...

Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title
November 14, 2018 The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest...

CFPB Exams Continue Apace Despite the 'Mulvaney Effect’
November 13, 2018 MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…

KBW Raises Earnings Estimates on Fannie and Freddie, Questions CRTs
November 13, 2018 As of Sept. 30, Fannie and Freddie had some form of risking sharing on 38 percent to 42 of their guaranteed portfolios,...


With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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