Paul Muolo

Recent Stories From this Author

Surprise: FHA Delinquencies, Including 'Serious' Category, Fall
November 15, 2012 Although rumors abound that reserves in the Federal Housing Administration's capital cushion may turn negative sometime next...

NAIHP: Lenders, Brokers at a Stand Still in NY-NJ-CT
November 2, 2012 Hurricane Sandy has been over for three days now but the aftermath is hitting many mortgage bankers and brokers hard in the...

Hurricane Sandy Will Affect Mortgage Closings in Mid-Atlantic, Northeast
October 29, 2012 Hurricane Sandy, which is bearing down on the mid-Atlantic all the way up to New England, is expected to delay thousands of...

Nationstar Mortgage Lost ResCap Bid by $97 Million
October 25, 2012 Nationstar Mortgage bid roughly $2.907 billion for the origination and servicing assets of Residential Capital Corp., about...

Romney Floats Idea Limiting Mortgage Deduction
October 3, 2012 Republican presidential nominee Mitt Romney said he would consider limiting the size of the home mortgage deduction to help...

No Word Yet on MIAC Sale of $8 Billion in MSRs
October 2, 2012 Almost a month ago MIAC held an auction on $8 billion of Government National Mortgage Association servicing rights, but the...

Cogsville Group Winning Bidder on Fannie Mae REO Pilot
October 2, 2012 The Federal Housing Finance Agency said Tuesday that The Cogsville Group LLC has purchased 94 Fannie Mae properties in Chicago...

Bank of America Offers to Extinguish 150,000 Second Liens
October 1, 2012 Bank of America, as part of the national robo-signing settlement, is offering to wipe out 150,000 severely delinquent seconds...

PennyMac Agrees to Buy $452 Million of Non-Performing Loans
September 25, 2012 PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers,...

Fannie to Cap Purchases from New Sellers, Servicers
September 20, 2012 Fannie Mae is telling small lenders and servicers that it will cap the volume of loans they can sell to the...

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