Paul Muolo

It’s been almost nine months since insurance conglomerate MetLife pulled the plug on its mortgage banking operation with the company offering little in the way of insight about its residential servicing portfolio.

A quiet boom is underway in mortgage employment.

The four branches of Alpine Mortgage have joined Inlanta Mortgage, as the latter company looks to expand into New England.

Former JPMorgan Chase mortgage executive Steven Rotella lands at mortgage servicer Vericrest in an advisory role.

Home prices increased 1.2% in July, compared to the same month last year, but tight mortgage underwriting standards continue to be a main concern.

PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers.

Federal Financial Analytics believes that higher net worth standards are not necessarily a problem for bank servicers, but could pose a “significant obstacle” for small nonbanks, depending on the capital threshold.

How to value a loan officer in 2013? Answer: by their relationships with Realtors and home builders.

Mortgage bankers originated roughly $44.2 billion of jumbo loans in the second quarter, a handsome 82% increase from the same period a year ago.

It sounds like a novel idea: set up a mutual fund, load it up with residential loans bought at a discount in the secondary market, and sell shares to a yield-hungry public looking for a better return than the 0.50% that most money market accounts are paying.

Mortgage bankers are worried that the GSEs might be ushering in a ‘score card’ rating on all their customers tied to net worth, loan quality and more.

Was Berkshire Hathaway faking an interest in Residential Capital Corporation?

Former Total Mortgage Services wholesale manager Domenic Melillo has joined National Mortgage Insurance, a new MI firm.

Bank of America is continuing to unload large chunks of its mortgage servicing portfolio.

Fannie Mae is telling new seller/servicers that it will cap how much product they can sell to the GSE based on their net worth and other factors.

Who's on the Fannie/Freddie 'High Risk' watch list? Well, we can guess who isn't on it.

In late October $365 billion of mortgage servicing rights belonging to Residential Capital Corp. will be auctioned off to the highest bidder.

A new report from the Federal Housing Finance Agency inspector general on Fannie Mae’s MSR deal with Bank of America also confirms that the GSE tried to buy specialty servicer Litton Loan Servicing.

We’re beginning to hear reports that some large megabanks are starting to lose residential loan officers to nonbanks.

Mortgage applications were just about flat for the week ending Sept. 14, but refinancings—thanks to the HARP program—are on the rise.