Paul Muolo

In the months ahead the future of the mortgage industry will be decided by federal agencies under the purview of President Obama.

A handful of bulk residential servicing packages are in the market, and there is continued strong interest in the product from REITs and hedge funds.

On Monday Impac’s share price jumped 15% on heavy volume—without explanation—prompting the New York Stock Exchange to send it a notice about unusual activity.

Congress is finally realizing that Fannie Mae and Freddie Mac are actually earning money.

The president of the Mortgage Bankers Association said the industry is asking Congress to reconsider the approach of using guarantee fees for anything other than their intended purpose.

A few weeks back Prospect Mortgage hired industry veteran Amy Brandt to lead the company’s expansion into correspondent lending and servicing.

Congress may decide to cap the mortgage interest deduction on residential debt at just $500,000.

Fannie Mae and Freddie Mac seller/servicers which have already been hit with two recent guarantee-fee increases should expect even more, according to the Federal Housing Finance Agency.

The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

Will JPM ever disclose what it paid to obtain MetLife's $70 billion mortgage servicing portfolio?

Lenders interviewed by National Mortgage News this past week said volumes remain strong.

Congress may have no stomach for GSE reform after the 'fiscal cliff' talks end.

The privately held Vericrest is serious about expanding its client base in the servicing arena.

It’s not every day that the HUD secretary calls a flesh-and-blood press conference for mortgage reporters, handing out paper instead of electronic files and then issuing a strict edict on a noon embargo. Then again, it’s not every day that the FHA Mutual Mortgage Insurance fund goes into the red by $16.3 billion.

To date, Impac has not commented on the spike in price, but disclosed late Monday that it received notice from the New York Stock Exchange about “unusual trading activity” in its stock.

In total, 304,326 shares of Impac stock changed hands Monday compared to an average volume of 218,802.

Mike Perry, the former head of IndyMac, continues his mission to set the record straight about what went wrong with the now defunct alt-A giant.

In July of last year BB&T expanded its reach into warehouse lending when it bought certain assets from the failed Colonial Bank.

At the end of September, Cole Taylor's servicing contracts totaled $6.23 billion, a stunning 815% increase from the same period a year ago.

Prosecutors said from March to October 2009 Lorraine Brown instituted “a surrogate signing policy whereby employees signed, not their name, but the names of other employees on thousands of mortgage documents that were notarized and filed across the country.”