Paul Muolo

Will some of Residential Capital Corporation's massive servicing portfolio wind up at Home Loan Servicing Solutions?

Although Genworth's mortgage insurance division lost money, it is seeing a noticeable pick up in new policies written.

New applications continue to fall somewhat but the purchase money share is increasing.

Because of storm damage, lenders will need to have properties re-appraised which means home inspectors will be busy in the New York-New Jersey area and surrounding locales.

More firms are contemplating selling servicing rights -- including the nation's megabanks.

We're seeing a rise in the willingness of lenders to make home mortgages to business owners who cannot always verify income.

Talk of the 'Qualified Mortgage' rule coming out before Thanksgiving may be premature.

The hurricane will slow secondary market access as lenders wrap up their last mortgage deals of the month.

Hurricane Sandy, which is bearing down on the Mid-Atlantic all the way up to New England, is expected to delay thousands of mortgage closings on Monday and Tuesday at the very least, according to industry officials.

FCI is the nation’s largest specialty servicer of private money loans, much of it backed by real estate.

When the winning bid for Residential Capital Corp. was unveiled, there was palatable fear among ResCap’s servicing employees that their jobs might be at stake because Ocwen is well known for housing most of its servicing workers in India and Ecuador.

It appears that Bank of America is cranking up the MSR selling machine. Big time.

Now that Residential Capital Corp. has auctioned off its $374 billion of servicing contracts, it’s Ally Bank’s turn to unload its MSRs.

One thing we learned from the crash of 2008: American businesses, when they so choose, can lay off workers at warp speed.

During his career in mortgage banking Jeffrey Lisinicchia has worked for Greenlight Financial Services, GMAC Mortgage and other firms.

A little over a year ago Bank of America sold $74 billion of mortgage servicing rights to Fannie Mae.

Although EverBank had a good quarter, it also wrote down the asset value of its mortgage servicing rights.

Residential Capital Corp. said it approved a $1.5 billion bid by insurance conglomerate Berkshire Hathaway to buy roughly 47,000 whole loans from the bankrupt mortgage company.

Is it just a matter of time before Ocwen Financial starts shipping Residential Capital Corporation's jobs overseas?

When Mark Korell joined the company in June he was named chief of sales and marketing.