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Home » Authors » Paul Muolo

Paul Muolo

pmuolo@imfpubs.com
@https://twitter.com/paulmuolo
Articles

ARTICLES

Short Takes: USB Grows Production by 27 Percent / New Applications Not So Hot / More Big MSR Deals on the Way? / Housing Starts Disappoint / Foreclosures Continue to Improve

July 17, 2014
Paul Muolo and Sherry Muolo
Luckily, JPM’s Jamie Dimon doesn’t care about such silly thing as mortgage rankings. (And he's not a big fan of FHA either.)
Read More

More Evidence of Strong 2Q Originations: Cardinal’s Volume Up 53%, Wash Fed 45%

July 17, 2014
Paul Muolo
So far, the only notable skunk at the second quarter origination party has been JPMorgan Chase which reported a 1 percent decline in fundings compared to the first quarter.
Read More

BofA the Latest Megabank to Report a Strong Rise in Originations

July 16, 2014
Paul Muolo
Residential loan production is looking up at Bank of America. But can it last?
Read More

Wells Fargo Securities Downgrades Nationstar, Walter; Says Stocks May Plunge

July 16, 2014
Paul Muolo
Analysts at Wells Fargo Securities believe there could be a huge downside to owning shares of Nationstar and Walter Investment.
Read More

Short Takes: Strong Earnings for MGIC, But a Warning Too / Non-QM to the Rescue? / Ocwen in Stock Deal with Ross / Stonegate Mortgage Gets a ‘Neutral’ Rating / Canada in for a Big Housing Correction?

July 16, 2014
Brandon Ivey, Paul Muolo, and Sherry Muolo
MGIC is operating with each GSE as an eligible insurer under a remediation plan. In trading Wednesday, its share price was down 9 percent…
Read More

JPM Ponders Leaving FHA Sector; Megabank Reports Weak Production Figures

July 15, 2014
Paul Muolo
Is Jamie Dimon mad at the FHA? Tuesday morning he told analysts that "the real question" is whether the bank should be in the FHA business at all.
Read More

To Avoid QM Landmines, Some Wholesalers Cap Fees to Brokers at Under 2 Percent

July 15, 2014
Paul Muolo
“If the cap is 2.75 percent, it doesn’t leave much, but you have to keep in mind that the lender is building ‘everything else’ into the note rate,” said Marc Savitt.
Read More

Orange Capital Slashes Stake in PHH

July 15, 2014
Paul Muolo
The holding company for the nation’s sixth largest lender recently sold its fleet division, and is in the throes of restructuring its mortgage unit, which is now its main line of business.
Read More

Short Takes: Quicken Overtakes JPM as the Nation’s #2 Lender? (Not Likely) / What Does Jamie Dimon Like Less, Brokers or the FHA? / BofA Cuts New Repo Deal for PennyMac / Earnings Due Soon from MGIC, Radian, Others

July 15, 2014
Paul Muolo and Sherry Muolo
Here’s a question to ponder: what does Jamie Dimon like less? Loan brokers or the FHA?
Read More

Brokers None Too Happy with the CFPB Crackdown on ‘Mini-Corr’

July 14, 2014
Paul Muolo
One California-based mortgage broker had this to say: “All the CFPBs is doing is driving up costs, further confusing the consumer, and wasting even more tax payer dollars.”
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View All Articles by Paul Muolo

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