R. Christopher WhalenJul 19, 20226 minInterest Rates & Bank EarningsThe good news for BAC and other banks is that there is a discernable lift underway on the yield of bank balance sheets
R. Christopher WhalenJun 22, 20225 minNew Residential Pivots, Gets "Rithm" NRZ must pay $400 million to Fortress to end the relationship with the external manager, a final act of squeezing NRZ shareholders
R. Christopher WhalenJun 20, 20228 minThe Fed and HousingIssuing CMOs via the GSEs could help the FOMC out of its trading mess, but represents a monumental irony.
R. Christopher WhalenJun 9, 20228 minInterest Rates and Residential Mortgage REITsWe see an at least equal chance that margins will get squeezed for agency and MSR investors before they expand via higher interest rates
R. Christopher WhalenMay 31, 20226 minQT Means Short Credit RiskMarket risk realized today becomes credit risk tomorrow...