Paul Muolo

Short Takes: Cerberus Eyes More Mortgage M&A / California Lenders Expand to East Coast / Altisource Buys Equator / CFPB Slams Nonbanks and Depositories for Poor Servicing Practices / CFPB Targets Morgan Drexen

August 21, 2013

Cerberus Capital is contemplating purchasing additional mortgage banking firms. Meanwhile, the CFPB doesn't like what it sees in the servicing space when it comes to customer service.

Mortgage Broker Market Share Matches All-Time Low, Retail at a High

August 20, 2013

Paul Muolo

Mortgage brokers are continuing to lose market share, but the decline could be temporary, especially if the megabanks run out of refis.

Consumer Finance Lender Springleaf Files IPO, Targets Acquisitions

August 20, 2013

Paul Muolo

With the retreat of banks from the non-prime lending space, Springleaf says it is strategically positioned to grow in the years ahead.

Short Takes: How Many Blown Dodd-Frank Deadlines Are There? / Chase Layoffs Hit San Ramon / Navy Federal Actually Cuts Rates / A Five-Percent Mortgage Soon? / CoreLogic Has Something for Servicers

August 20, 2013

Paul Muolo and Thomas Ressler

Okay, so banking regulators have blown multiple Dodd-Frank rule making deadlines. But for now the QM rule is on track. Right?

PHH Getting Ready to Unload Mortgage Servicing Rights?

August 19, 2013

Paul Muolo

PHH Mortgage may unload billions of dollars in housing receivables, while remaining as the subservicer on the underlying loans.

Short Takes: Provident Top Ranked Table Funder in 2Q / Realty Giant Files to Go Public, Cites Mortgage Risks / Mini-Correspondent Programs Sprout Up / Ex-Fannie Executive Wants Justice, Privatization / How to Spy on the CFPB

August 19, 2013

Paul Muolo and Thomas Ressler

Mini-correspondent lending is hot, but wholesale may be on the decline. Surprise: RE/MAX files to go public.

Report: 20 Percent Downpayment, Premium Recapture Gone From QRM Rule

August 15, 2013

Paul Muolo

FBR notes that a key provision in the draft QRM rule is that any mortgage securitized by Fannie or Freddie is automatically a QRM.

Cole Taylor Mortgage Sale Heats Up

August 15, 2013

Paul Muolo

Cole Taylor Mortgage is talking to several semi-finalists that want to buy the company. Meanwhile, it's business as usual at the bank-owned lender.

Short Takes: PennyMac’s Recent NPL Deals Near $1 Billion / Cash-Out Refis Continue to Tank / MGIC Shows More Progress / MountainView Hopes to Capitalize on Mortgage M&A / Surprise: HUD Cancels Some Furlough Days

August 15, 2013

George Brooks and Paul Muolo

PennyMac is once again stepping up to the NPL plate with some major deals. Meanwhile, cash-out refis continue to dwindle.

PennyMac Raising $248 Million in Equity, Will Buy Nonperforming Loans

August 14, 2013

Paul Muolo

The market did not react kindly to PennyMac's announcement about selling more shares of common stock.

Articles by Paul Muolo

Short Takes: Cerberus Eyes More Mortgage M&A / California Lenders Expand to East Coast / Altisource Buys Equator / CFPB Slams Nonbanks and Depositories for Poor Servicing Practices / CFPB Targets Morgan Drexen

Mortgage Broker Market Share Matches All-Time Low, Retail at a High

Consumer Finance Lender Springleaf Files IPO, Targets Acquisitions

Short Takes: How Many Blown Dodd-Frank Deadlines Are There? / Chase Layoffs Hit San Ramon / Navy Federal Actually Cuts Rates / A Five-Percent Mortgage Soon? / CoreLogic Has Something for Servicers

PHH Getting Ready to Unload Mortgage Servicing Rights?

Short Takes: Provident Top Ranked Table Funder in 2Q / Realty Giant Files to Go Public, Cites Mortgage Risks / Mini-Correspondent Programs Sprout Up / Ex-Fannie Executive Wants Justice, Privatization / How to Spy on the CFPB

Report: 20 Percent Downpayment, Premium Recapture Gone From QRM Rule

Cole Taylor Mortgage Sale Heats Up

Short Takes: PennyMac’s Recent NPL Deals Near $1 Billion / Cash-Out Refis Continue to Tank / MGIC Shows More Progress / MountainView Hopes to Capitalize on Mortgage M&A / Surprise: HUD Cancels Some Furlough Days

PennyMac Raising $248 Million in Equity, Will Buy Nonperforming Loans

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