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.
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The Institutional Risk Analyst
© 2003-2024 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance
R. Christopher Whalen
- Jul 30
- 6 min
Yellen's FSOC: Housing Policy Dreams vs Mortgage Market Reality
Yellen's proposal for a backstop is merely a canard to help Treasury avoid another fiasco next time a Ginnie Mae issuer fails
692 views
R. Christopher Whalen
- Jul 27
- 8 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...
612 views
R. Christopher Whalen
- Jul 25
- 5 min
Update: CapitalOne Financial & PennyMac Financial Services
Of note, PFSI has been growing share in wholesale, a direct challenge to UWMC
327 views
R. Christopher Whalen
- Jul 21
- 9 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?
1,205 views
R. Christopher Whalen
- Jun 26
- 6 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.
603 views
R. Christopher Whalen
- May 20
- 6 min
Joe Biden Goes Subprime; Should Citi Buy NYCB/Flagstar?
Citi is a subprime lender. They should be directly involved in government lending.
970 views
R. Christopher Whalen
- May 13
- 7 min
Yellen FSOC Punts on Mortgage Servicers; WGA Bottom 25 Banks
Are there bank bargains down in the cellar waiting to be discovered?
906 views
R. Christopher Whalen
- May 10
- 10 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
3,528 views
R. Christopher Whalen
- May 8
- 6 min
Portfolio Update & Mortgage Survivors
The survivors in mortgage finance optimize operations around purchasing loans from brokers/ correspondents, and direct to consumer (DTC)
473 views
R. Christopher Whalen
- Apr 21
- 7 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.
1,177 views
R. Christopher Whalen
- Mar 25
- 7 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...
1,587 views
R. Christopher Whalen
- Mar 10
- 4 min
Bank Book Q1 2024 Released; Biden Penalizes Consumers Who Refinance
Despite what Joe Biden says about helping Americans with the soaring cost of housing, he really protects Black Rock (BK), Pimco et al
1,310 views
R. Christopher Whalen
- Feb 29
- 7 min
Update: UWMC & Rocket; Rate Cut Dreams Fade
Industry leaders believe that the FHFA wants the GSEs to offer issuers "repurchase insurance" to the tune of 25bps per loan.
575 views
R. Christopher Whalen
- Feb 18
- 6 min
Home Mortgage Rates Falling? Really?
If President Trump starts talking about fixing the federal budget deficit and redeveloping moribund urban real estate, he’d win in November
1,500 views
R. Christopher Whalen
- Feb 15
- 6 min
Interest Rates, Mortgage Lenders & MSRs
While there are a great number of people inside the Fed who ponder the appropriate level of reserves in the system, they don't really know
646 views
R. Christopher Whalen
- Jan 3
- 3 min
Comments on Basel III Endgame
The Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk
712 views
R. Christopher Whalen
- Nov 17, 2023
- 6 min
Recessions Signs in Texas & China
The mood in the Dallas mortgage community is subdued, much like the atmosphere after an especially good party.
535 views
R. Christopher Whalen
- Nov 14, 2023
- 3 min
Housing Finance Outlook Q4 2023
Baring some emergency, the Fed seems on track to keep interest rates at current levels indefintely.
559 views
R. Christopher Whalen
- Nov 1, 2023
- 6 min
Update: PennyMac Financial Services
If we are marking balance sheet assets to actual market in the age of deflation, what of the heavily modeled world of servicing assets?
509 views
Christopher Whalen
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