Paul Muolo

Paul Muolo is editor of National Mortgage News.

Deutsche Bank Largest Unsecured Creditor in ResCap BK Filing, FHFA, Too
May 16, 2012 When Residential Capital Corp. filed for bankruptcy protection it left behind a trail of unsecured creditors with claims...

Is Wholesale Mortgage Lending Hot?
May 16, 2012 The other day a mortgage recruiter made a blunt statement to us: “Wholesale lending is really hot right now.” Of...

MBA: Delinquencies Continue to Fall, Late Payments at 7.4%
May 16, 2012 Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the...

LOs, Industry Angry at Too Much Federal Regulation
May 15, 2012 At some point the White House might finally understand that the regulatory pendulum has swung much too far in the other...

Big Layoffs at Allonhill in Wake of OCC Contract Dismissal
May 15, 2012 Allonhill, which lost a consulting contract with the Office of the Comptroller of the Currency, has given layoff notices to...

First Quarter Residential Originations Best Since 4Q 2010
May 15, 2012 Residential lenders funded $462 billion of home mortgages in the first quarter, the industry’s best showing since the...

Why Foreign Banks Keep Failing in U.S. Mortgages
May 15, 2012 Name a foreign bank that successfully bought a U.S. mortgage banking operation—or grew one from scratch—and actually...

Fortress Affiliate Newcastle Strikes ‘Excess’ MSR Deal with Nationstar
May 14, 2012 Newcastle Investment Corp. will be a partner in Nationstar’s plan to purchase $374 billion of servicing rights from...

Mortgage Rescission Case Could Fuel Further Foreclosure Delays
May 14, 2012 The Fourth Circuit Court of Appeals sided with the Consumer Financial Protection Bureau’s reasoning in an amicus brief...

What Does ResCap’s BK/Sale Really Mean?
May 14, 2012 But what does the eventual resolution of ResCap really mean? Answer: A new, stronger competitor (Nationstar) could rise from...