Paul Muolo

Managing Editor

Recent Stories From this Author

A 40-Page GSE ‘Draft’ Bill is Circulating in the Senate
November 21, 2017 As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several...

(A Ton) of Mortgage Executives on the Move?
November 21, 2017 Industry consultant Paul Hindman: “There seems to be a growing number of participants in this year’s game of musical chairs."

Short Takes: Franklin Codel’s Immediate Plans / Forfeiture of Stock / Entitled to a Severance Package of $2 Million? / MBA Weighs in on CFPB’s Strategic Plan
November 21, 2017 Codel joined the megabank in 1993. He’s a graduate of Harvard University with a degree in engineering science…

Publicly Traded Mortgage Firms Not Exactly Setting the World on Fire
November 21, 2017 Industry observers contend Ocwen, another money-losing company, would love to find a merger partner, but must first resolve...

Short Takes: United Wholesale Rules the Table-Funding Roost / Wells Fargo the King of Correspondent / Beware the Dow Jones / Another Top Executive Departs
November 21, 2017 When the Dow Jones corrects, rates will plunge. Right?

Phoenix Announces Two ‘Flow’ MSR Auctions
November 20, 2017 The Fannie/Freddie receivables would come primarily from California, Florida and Texas.

PHH Hires Former Freddie Mac Executive, CSS Consultant Celini as SVP
November 20, 2017 Celini also worked for Sun National and Ally Bank, formerly known as GMAC Bank…

Short Takes: Still Hiring: Nonprime Lenders / Wiped Clean; Franklin Codel’s LinkedIn Profile / HUD Gives $5B in Hurricane Aid to Texas / Freedom Mortgage Shines / A Rare MBS from AMIPM
November 20, 2017 Franklin Codel's LinkedIn profile had been wiped clean...

What We’re Hearing: A Mystery (for Now): Franklin Codel’s Dismissal at Wells / A Major Changing of the Guard is Afoot / Rick Glass: Only the Strong Will Survive / Mick, Tell us How You Really Feel About the CFPB / Fannie & Freddie CEOs Seem Content…
November 17, 2017 A major changing of the guard is now afoot in the mortgage industry...

Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job
November 16, 2017 Kittle was first approached by the White House nine months ago about the job.


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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