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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...

Four Bidders Said Vying for ResCap Assets
September 20, 2012 Nationstar Mortgage remains the "stalking-horse" bidder for ResCap's residential servicing portfolio, sources said. Ocwen...

The Secret Behind the Refi Boom: Repeat Business
September 18, 2012 Much has been written about the refi boom, but one avenue not explored deeply is the "multiple" refi client — the...

Fannie Exec to Head Correspondent Lending at Bank of Oklahoma
August 29, 2012 Bank of Oklahoma in Tulsa this week hired former Fannie Mae executive Elliot Salzman as vice president in charge of...

PHH Will Reduce Correspondent Lending, Posts Loss
August 8, 2012 PHH, the parent company of the nation's largest nonbank mortgage lender, reported a $57 million second-quarter loss and...

Wells Fargo Cuts Back on Realtor Partnerships
July 13, 2012 Now it's time for Wells Fargo to slash its Realtor joint ventures that engage in mortgage banking activities.

Wells Fargo Calls it Quits on Wholesale Lending
July 12, 2012 Wells Fargo — the nation's largest funder of home mortgages through loan brokers — is calling it quits on wholesale...

Colony Winning Bidder on Fannie REO Pilot
July 12, 2012 Colony Capital is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency,...

Private Equity Money Still Eyeing Mortgage Firms but Deals Elusive
July 12, 2012 Last summer rumors were spreading that a private equity firm had amassed $1 billion in cash and was eyeing investments in...

Ally's Exit from Warehouse Leaves More for Others
July 9, 2012 Now that government-controlled Ally Financial has made official its exit from the warehouse lending arena, many firms are...

Loan Brokers Again See a Slight Gain in Market Share
June 25, 2012 Loan brokers using table funding captured 9.9% of the origination market in the first quarter, a slight gain from 4Q when the...