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Home » Authors » Paul Muolo

Articles by Paul Muolo

FHFA OIG Wants Performance Measures on G-Fee Hikes

July 16, 2013
Paul Muolo
In 2012 single-family g-fees allowed Fannie Mae and Freddie Mac to collect $12.5 billion from its seller/servicers.
Read More

Mortgage Master Continues Lending Dominance in Bay State

July 16, 2013
Paul Muolo
Mortgage Master continued its dominance in Massachusetts mortgage lending. Jumbo loan production swelled by 65 percent.
Read More

Short Takes: Cordray Confirmed as CFPB Chief? / LPS Looked at Buying Mortgage Cadence / Joe Garrett Tells Lenders to Cut Now / Allonhill Starts Hiring / Fannie Says Market Could Move Toward ARMs

July 16, 2013
Paul Muolo and Thomas Ressler
Accenture is making major inroads in the residential finance space with its purchase of Mortgage Cadence. Meanwhile, Fannie says market could move toward ARMs.
Read More

Warehouse Available for Private-Money Mortgages?

July 15, 2013
Paul Muolo
Warehouse lenders hold the key to liquidity in the non-prime and private money sectors.
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Short Takes: MBA Chief Warns About an Imperfect Solution / A Rosy Outlook for GSE Reform? What? / Gain-on-Sale Not So Bad / Ocwen Goes After HARP Refis / Nomura Has No Jumbo Conduit

July 15, 2013
Brandon Ivey, Paul Muolo, and Charles Wisniowski
MBA president Dave Stevens is concerned that events could soon overtake policy makers and force an “imperfect solution” to Fannie Mae and Freddie Mac.
Read More

CitiMortgage Sees Originations Fall but Marks Up Asset Value of MSRs

July 15, 2013
Paul Muolo
Citigroup is becoming more aggressive in residential lending, especially in the jumbo space.
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Wells Boosts Residential Lending by 2 Percent in 2Q; JPM’s Mortgage Earnings Rise 143 Percent

July 12, 2013
Paul Muolo
Wells Fargo and JPM posted strong mortgage results for the second quarter. But what lies ahead for the industry?
Read More

PREO Mortgage Bought by First Key, a Cerberus Unit

July 11, 2013
Paul Muolo
Cerberus' purchase of PREO Mortgage of Atlanta could be the beginning of something big for the company.
Read More

Carrington Mortgage EVP Rick Sharga Departs for Auction.com

July 11, 2013
Paul Muolo
Over the years Sharga has briefed government organizations such as the Federal Reserve and Senate Banking Committee.
Read More

Short Takes: Wells Employee Arrested in Money Laundering Probe / Applications Off 25 Percent at Some Shops / Reg Relief for Small Balance Mortgages / MBA Wants Say on Securitization Platform / Foreclosures Continue to Tumble

July 11, 2013
Paul Muolo
In general, mortgage applications are off 25 percent from their peak. Meanwhile, a Wells Fargo employee with an NMLS number has been arrested.
Read More
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