Paul Muolo

Two years ago some top ranked LOs were accepting jobs at depositories because they felt secure in working for a lender that had a future. But new LO compensation rules turned out to be more benign than many thought.

As of late last year Fannie Mae and Freddie Mac had placed more than 300 high-risk counterparties on watch lists and stopped doing business with more than 40 of them.

There’s growing evidence that the second lien market is beginning to gain traction. But don't look for any 80-10-10 products quite yet.

The Mortgage Bankers Association hired industry veteran Pete Mills as its new senior vice president of residential policy and member services, effective Oct. 1.

The presidential election is heating up and according to emails I’ve received there’s evidence out there suggesting that not all mortgage bankers love GOP candidate Mitt Romney.

The nation’s refinancing boom has been plowing along for two years now—and just when it appears that everyone who could refinance has already done so, rates drop yet again, setting off another round of activity.

Patrick Sheehy, a top mortgage executive at Chase, has left the company, National Mortgage News has learned.

Union Bank, San Francisco, one of the largest jumbo lenders in the U.S., is on track to fund a record $9 billion in loans this year, according to a top officer at the company.

One tenet of real estate investing is that you never should sell a home in a down market. And one tenet of mortgage banking has always been that you don’t sell servicing rights in a down market either.

The only subprime servicers growing their A- to D portfolios are firms specializing in high-touch mortgages that others are desperately trying to unload.

Confirmed: some banks are buying and funding nonprime mortgages -- but the effort is small.

Loan brokers originated 11.3% of all residential loans in the second quarter, their best showing in almost two years.

File this under rumor: residential mortgages that are not eligible for sale to Fannie Mae/Freddie Mac/FHA (insurance) are being quietly originated and kept on the balance sheet of community lenders.

A trio of vendors that play in the nonperforming loan space have formed a cooperative to unload NPLs to Realtors seven days before they are offered to the public.

NewDay USA, a nationwide reverse mortgage lender, has named former Government National Mortgage Association president Joseph Murin as its new president and chairman.

Are businessmen of all different stripes, including lenders, holding back on hiring?

Pacifica Companies, LLC, San Diego, was declared the winning bidder on a Fannie Mae bulk REO portfolio, paying just $12.3 million for a package of 699 Florida properties valued at $81.5 million.

What does a good mortgage compliance officer cost?

Plenty of mortgage banking firms are lining up to get their Ginnie Mae approvals so they can issue government-backed mortgage bonds and service the underlying loans.

Wells continued to be an origination powerhouse in the second quarter, funding $131 billion of new home mortgages and setting yet another record in quarterly market share.