Paul Muolo

A key executive handling the sale of mortgage servicing rights plans to leave Phoenix Capital.

The Mortgage Bankers Association says it opposes the so-called zero-zero exemption spelled out in the Consumer Financial Protection Bureau’s pending loan officer compensation rule.

Next week Residential Capital Corp. will be auctioned off to the highest bidder. M&A advisors are predicting Nationstar will prevail.

In building its first nonconforming MBS, Shellpoint will welcome mortgages facilitated by loan brokers and correspondents.

Bank of America lost money on mortgage banking in the third quarter but only because of charges tied to its legacy business.

A group that represents loan officers is holding out hope that "dual compensation" will be allowed on all mortgage transactions.

Fear and loathing in mortgage-land: a $5 million minimum net worth requirement.

PennyMac, a publicly traded REIT, may soon be extending warehouse lines of credit to nonbank originators.

Citigroup CEO Vikram Pandit is out as CEO of the nation's fifth large mortgage lender.

Will the candidates get pinned down on the mortgage interest deduction?

ICON Residential, which is in the process of being sold, is expanding its wholesale presence, hiring a former Wells Fargo official.

Industry veteran Jon Daurio, who’s forming a new nonprime lender, will focus on retail initially and hire 50 to 80 people.

When subprime lending "comes back" it will be totally different—and out of the past.

Ally Financial will pay the U.S. Treasury—its primary owner—roughly $134 million of dividends in mid-November.

Private equity money continues to look at the mortgage banking industry but they're still scared about the 'dark years.'

Loan production is booming at the privately held Skyline Home Loans of California.

The mortgage banking division of JPMorgan Chase posted net earnings of $563 million in the third quarter as originations rose to $47 billion.

Creditors seeking money from Residential Capital Corp. have until Nov. 9 to submit a claim to the bankruptcy court.

Industry veteran Jon Daurio is itching to get back in the residential finance business. He is not alone.

The Mortgage Bankers Association informed the Consumer Financial Protection Bureau that it has serious concerns about changes the agency might make to current servicing regulations and is asking that smaller firms be exempt from certain rules.