Paul Muolo

Mortgage lenders of all sizes are expected to increase their technology spending by 15% this year, to $4.11 billion, according to a MORTECH LLC study.

The GNMA president said his agency is not considering an immediate change in servicing fees paid to loan processors, but called the talk about a GSE reduction in servicing fees ...

Mortgage companies initiated a record 3.8 million in foreclosure-related actions in 2010, including filing notices of default, scheduling auctions and home reposing homes according to new figures from RealtyTrac Inc. of Irvine, Calif.

By most economic measurements, Florida is still in the economic doldrums, so now isn't exactly the best time for a mortgage firm to make inroads there. Or is it?

Republic Bancorp in Louisville, Ky., plans to enter warehouse lending by the second quarter after hiring a top executive from National City Corp.

CALCAP Financial, a hard-money lender based in Southern California, aims to double its loan volume in 2011.

Annaly Capital Management Inc. said Tuesday it would raise almost $1.3 billion in new equity by selling 75 million shares of common stock at an offering price of $17.20 each — a 3.7% discount to Monday's closing price.

The dollar amount of outstanding residential loans in the U.S. continued to fall in the third quarter, as more homeowners engaged in "cash-in" refinancings while others lost their homes to foreclosure.

Prepayment speeds rose 6% on Fannie Mae mortgage-backed securities and 8% on Freddie Mac mortgage-backeds in November, but they likely will slow in the months ahead, according to Annaly Capital Management.

Former C-Bass principals Bruce Williams and Saul Sanders have started a company with the working name of Shellpoint to buy and securitize jumbo residential loans, industry sources said.

Deutsche Bank AG is thinking of re-entering the warehouse lending business, according to industry advisers.

Wells Fargo & Co. on Monday agreed to modify more than $2 billion of risky payment option ARMs from two lenders that the mega bank bought during the last years of the decade: World Savings of Oakland, and Wachovia Corp. of Charlotte.

Peter Monroe, the president of the Resolution Trust Corp. Oversight Board in the 1990s, has started a venture to manage troubled Florida commercial properties.

The profitability of small mortgage banking companies jumped to $1,423 per loan in the third quarter, a 55% spike from the previous quarter, thanks to refinancings and ...

The housing bubble and subsequent carnage in the market have wiped out nearly $9 trillion in home equity since the peak of values in '06, according to a new report from Zillow.

Over the past few months there has been a small revival of bulk deals — and with yearend rapidly approaching sellers are trying to turn servicing contracts into cash.

Phoenix Capital Inc. in Denver is offering an $816 million package of Fannie Mae servicing rights owned by the West Coast mortgage company Just Mortgage Inc.

Fannie Mae is contemplating auctioning nonperforming mortgages from its portfolio, according to vendors and investors who operate in the NPL sector.

For many years International Business Machines Corp. has eyed the mortgage industry curiously, a technology giant trying to find an angle for making money on residential finance. After all, there must be a way for IBM to profit from the 62 million loans outstanding in the United States.

BlackRock Inc. hopes to buy upward of $250 million of jumbo loans each quarter with an eye toward securitizing the product.