Will Rohit Chopra Kill Basel III? Shrinking NIM at JPM and WFC
In opposing Basel III, Chopra is doing the bidding of Senator Elizabeth Warren (D-MA) but big banks are very happy to have no rule at all.
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The Institutional Risk Analyst
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Banks | Markets | Finance
R. Christopher Whalen
6 days ago7 min
Citigroup + (Cenlar - Black Knight) = ?
The Citi decision to exit mortgage servicing perhaps made sense in 2017, but today not so much.
358 views
R. Christopher Whalen
Sep 228 min
GSE Release Under Trump? Post-Rate Cut Margin Calls??
Why should a private Fannie Mae be a 20% risk weight under Basel III, but PFSI or Mr. Cooper (COOP) are 100%?
400 views
R. Christopher Whalen
Sep 162 min
IRA Bank Book Q3 2024 Industry Survey
The Q3 interest rate rally still leaves the industry with a negative
capital position since the average securities yield is only 3%
362 views
R. Christopher Whalen
Aug 136 min
Bank of Nova Scotia + KeyCorp = ??
If you were really, REALLY going to do mortgage warehouse lending in today's market, KEY would be the better platform, not BNS.
543 views
R. Christopher Whalen
Aug 86 min
Market Volatility and Loan Defaults
The market tantrum which began on Friday was largely over by the market close on the following Tuesday.
1,172 views
R. Christopher Whalen
Jul 278 min
Update: New York Community Bank & Mr. Cooper
Joe Otting does not seem to understand the value of the Flagstar correspondent lending and mortgage servicing business...
624 views
R. Christopher Whalen
Jul 255 min
Update: CapitalOne Financial & PennyMac Financial Services
Of note, PFSI has been growing share in wholesale, a direct challenge to UWMC
332 views
R. Christopher Whalen
Jul 219 min
Will Donald Trump Release Fannie Mae & Freddie Mac?? Really?
If JPM, PFSI or UWMC want to pay the government to wrap conventional MBS in a “AA+” sovereign rating, why should the Treasury say no?
1,371 views
R. Christopher Whalen
Jun 266 min
Capital Confusion at Ginnie Mae & Mortgage Servicing Rights
Ginnie Mae would rather have issuers raise the NPV of the MSR in cash today than take the price risk of holding the whole MSR through time.
613 views
R. Christopher Whalen
Jun 176 min
Update: BMO + Bank of the West = ?
BMO arguably has the weakest reserve position among the large Canadian banks....
982 views
R. Christopher Whalen
Jun 129 min
Will Credit Risk Transfer Save the Banks? Are MSRs Overvalued?
How much in synthetic CRT transactions will be done in 2024? Our best guess is many hundreds of billions globally...
755 views
R. Christopher Whalen
May 227 min
MBA Aftermath; Profile: Merchants Bancorp (MBIN)
When NYC is forced to recognize reality, it will already be too late to avoid another fiscal crisis.
636 views
R. Christopher Whalen
May 206 min
Joe Biden Goes Subprime; Should Citi Buy NYCB/Flagstar?
Citi is a subprime lender. They should be directly involved in government lending.
972 views
R. Christopher Whalen
May 137 min
Yellen FSOC Punts on Mortgage Servicers; WGA Bottom 25 Banks
Are there bank bargains down in the cellar waiting to be discovered?
907 views
R. Christopher Whalen
May 1010 min
Freddie Mac Buying HELOCs? Really Meredith? | UWMC & Disappearing MSRs
We think Whitney’s comments about a surge in new lending from Freddie Mac buying home equity loans are poorly considered
3,565 views
R. Christopher Whalen
May 86 min
Portfolio Update & Mortgage Survivors
The survivors in mortgage finance optimize operations around purchasing loans from brokers/ correspondents, and direct to consumer (DTC)
474 views
R. Christopher Whalen
Apr 217 min
TCBI v Ginnie Mae Goes to Trial | Outlook for Commercial & Residential Mortgage Finance
McCargo's actions and the fact that the case has not been dismissed in its entirety is very unhelpful given current market conditions.
1,179 views
R. Christopher Whalen
Apr 47 min
Vanguard & Black Rock Control JP Morgan? | PNC & United Wholesale Mortgage
BK and Vanguard are above the 4.9% legal limit on ownership of voting shares of a bank. This fact gives the FDIC et al the power...
905 views
R. Christopher Whalen
Mar 257 min
Small Banks Have Big CRE Risk? Really? | Bank of America Update
The net losses disclosed by BAC and the other large banks at the end of Q4 2023 are significantly understated...
1,596 views
Christopher Whalen
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