Update: Rocket Companies and United Wholesale Mortgage
Growing numbers of investors are burned by mortgage stocks. Big question: Will the industry snap back due to now falling interest rates?
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The Institutional Risk Analyst
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Banks | Markets | Fintech
Christopher Whalen
R. Christopher Whalen
- Aug 9, 2021
- 5 min
Update: Mr. Cooper & New Residential Investment
The big surge in income and net worth caused by the FOMC last year is rapidly ending. Winter has returned to mortgage land...
562 views
R. Christopher Whalen
- Jul 19, 2021
- 7 min
GNMA Issuer Rule Threatens Government Market
This rule could cost literally tens of billions in losses to banks and nonbanks alike...
2,011 views
R. Christopher Whalen
- Jun 30, 2021
- 7 min
Profile: Blend Labs, Inc ("BLND")
Is BLND worth more than RKT, or entrenched data monopolies and solution providers such as BKI or even CLGX?
860 views
R. Christopher Whalen
- May 21, 2021
- 5 min
Fed Prepares to Go Direct with Liquidity
Why did the Fed feel the need to absorb $351 billion in cash yesterday via reverse repurchase (RRP) transactions?
7,252 views
R. Christopher Whalen
- May 17, 2021
- 5 min
Joe Biden Declares War on Family Farms, Owner Occupied Businesses and Home Ownership
Why is Joe Biden declaring war on American family farmers, investors in multifamily real estate and Main Street USA?
2,837 views
R. Christopher Whalen
- May 14, 2021
- 6 min
Update: Rocket Companies & United Wholesale Mortgage
We view RKT's refusal to provide this material information to investors as a significant omission in its public disclosure...
507 views
R. Christopher Whalen
- Apr 27, 2021
- 5 min
Chairman Powell: Fine Tuning and Price Stability
Each burst of liquidity provided by the FOMC in response to a major externality creates the conditions for the next financial crisis
895 views
R. Christopher Whalen
- Apr 5, 2021
- 13 min
Update: Commercial, Residential Loans & MSRs
We continue to believe that issuers and funds should be accumulating conventional servicing. Rates bottomed in February...
412 views
R. Christopher Whalen
- Mar 29, 2021
- 8 min
Nonbanks Face Labyrinth of Risk from COVID Loans
Given that IMBs now service two-thirds of all 1-4 family residential mortgage loans, the risk to the nonbanks from COVID is growing...
895 views
R. Christopher Whalen
- Feb 22, 2021
- 5 min
Western Alliance + AmeriHome = Big Possibilities
We have long advocated the idea of an independent mortgage bank (IMB) combining with a strong regional lender
587 views
R. Christopher Whalen
- Feb 11, 2021
- 8 min
Update: Ocwen & New Residential
In this issue of The Institutional Risk Analyst, we compare two major players in the residential mortgage servicing space, New...
343 views
R. Christopher Whalen
- Feb 3, 2021
- 6 min
Profile: Bank OZK -- It's All About the NIM
Significantly, OZK predicts shrinking CRE loan volumes in 2021....
400 views
R. Christopher Whalen
- Feb 1, 2021
- 9 min
Interview: Chris Abate, CEO of Redwood Trust
magine if the Fed started margin calling the big banks in response to the April market selloff rather than supporting the system!
1,116 views
R. Christopher Whalen
- Jan 25, 2021
- 8 min
Jim Parrott on GSE Reform and the Road Ahead
The GSEs will never be worth more than about $250 billion regardless of how much additional taxpayer money is contributed....
576 views
R. Christopher Whalen
- Jan 17, 2021
- 5 min
Q4 Earnings Update: JPM, Citi & WFC
Unless the FOMC relents and eases up on its massive purchases of Treasury securities and MBS, bank earnings are likely to decline further
299 views
R. Christopher Whalen
- Jan 14, 2021
- 4 min
Interest Rates, Spreads & Reserve Bank Presidents
Whenever interest rates rise, the amen chorus on Wall Street starts to warble about the benefits to banks.
688 views
R. Christopher Whalen
- Dec 28, 2020
- 8 min
Outlook 2021: Financials & Credit Markets
New issue volumes in all of the major securities asset classes other than Treasury debt are trending lower as 2021 begins....
767 views
R. Christopher Whalen
- Dec 21, 2020
- 6 min
Joe Biden Must Fire FHFA Director Calabria
If you sent somebody to deliberately sabotage the US housing market, you could not find a better perpetrator than Director Calabria.
2,156 views
R. Christopher Whalen
- Dec 14, 2020
- 7 min
Wag the Fed: Will the TGA force Rates Negative?
The risk presented by changes in behavior compelled by COVID have only begun to emerge into view in urban commercial real estate...
3,047 views
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