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Home » Authors » Paul Muolo

Articles by Paul Muolo

Originations Flat at EverBank in 1Q, But Thrift is Ready to Part With Jumbos

April 25, 2013
Paul Muolo
EverBank funded $2.9 billion of home mortgages in the first quarter, a bit below one estimate of $3.3 billion.
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Michael Lau’s Pingora Buys Delaware Mortgage Banking Firm

April 24, 2013
Paul Muolo
Michael Lau, the man who helped Phoenix Capital corral Bank of America as a client, has purchased his own mortgage banking firm.
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Short Takes: Stearns Gets Serious About Servicing / BofA Has High Delinquencies on Second Liens / FHFA Continues to Hunt for MBS Platform CEO / Akre Departs Trading Firm for Oak Circle / CFPB Frets About Pay Day Lenders

April 24, 2013
Paul Muolo and Thomas Ressler
Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions.
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Flagstar Sees Production Decline, Stock Hammered in Trading

April 24, 2013
Paul Muolo
Although Flagstar earned money on its mortgage business in the first quarter, its gain-on-sale margin took a major hit.
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Short Takes: CFPB Showing Some Love for Banks / Fannie About to Award a Big Tech Contract? / FHFA Doesn’t Want Higher Minimum Net Worth / Home Buyer Traffic Spikes / 100 Percent LTV Loans Not on NCUA’s Radar?

April 23, 2013
Paul Muolo
Residential lenders can rest easy: the GSEs aren't about to hike their net worth minimums. Also: the CFPB shows some love to banks.
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Prices Climbing for Jumbo Mortgages

April 23, 2013
Paul Muolo
The jumbo market is heating up, which means the price paid for whole loans is on the rise.
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Vericrest the High Bidder on $16 billion of BofA MSRs

April 23, 2013
Paul Muolo
Vericrest Financial is said to be the winning bidder on a $16 billion package of mortgage servicing rights. However, the company would not comment.
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Short Takes: Need Seller/Servicer Approvals? Bring Your Check Book / IMA Selling Ginnie Bulk MSR Deal / Fitch Worries About CMBS / Will the Senate Grill CFPB’s Cordray? / New Hire at WFG National Title

April 22, 2013
Paul Muolo and Thomas Ressler
Obtaining approvals to become a GSE seller/servicer can cost you, but think of the money you can make from owning servicing rights.
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Wells Fargo Only Top 10 Servicer With a Potential MSR Basel Problem?

April 22, 2013
Paul Muolo
The Basel III accords may never happen, but if they do, some large servicers will have to reduce their MSR footprint.
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Navy Federal Continues Stellar Growth in Residential Fundings

April 22, 2013
Paul Muolo
Navy Federal, which is headquartered in one of the hottest housing markets in the nation, saw residential fundings almost double in the first quarter.
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