R. Christopher WhalenApr 19, 20215 minThe Interview: Nom de Plumber on Forbearance RiskSooner or later someone has to eat those forgone cash flow losses....
R. Christopher WhalenApr 12, 20216 minForbearance, Shrinking NIM & Prepayments Menace US FinancialsSimply stated, US banks are twice as expensive as they were a year ago looking at earnings and assets....
R. Christopher WhalenApr 8, 20216 minAs the Economy Surges, Progressive Agenda FadesThe mere fact of vaccination, effective or no, is probably worth several points of GDP simply by improving the national mood.
R. Christopher WhalenApr 5, 202113 minUpdate: Commercial, Residential Loans & MSRsWe continue to believe that issuers and funds should be accumulating conventional servicing. Rates bottomed in February...
R. Christopher WhalenMar 29, 20218 minNonbanks Face Labyrinth of Risk from COVID LoansGiven that IMBs now service two-thirds of all 1-4 family residential mortgage loans, the risk to the nonbanks from COVID is growing...