The Institutional Risk Analyst

After years of FOMC-induced asset price inflation, does the housing market really need more help?

In the Q3 2021 edition of The IRA Bank Book, we document the slow destruction of US bank asset and equity returns by the FOMC.

Progressives in and outside of the media are on a mission, to find a problem to solve – even if none actually exists...

We expect to see a lot more M&A activity over the next 12 – 18 months, as that’s the only way for some players to grow share.

There is, after all, no free lunch for investors when the Fed is serving the thin meal of Financial Repression

Growing numbers of investors are burned by mortgage stocks. Big question: Will the industry snap back due to now falling interest rates?

The big surge in income and net worth caused by the FOMC last year is rapidly ending. Winter has returned to mortgage land...

This rule could cost literally tens of billions in losses to banks and nonbanks alike...

Is BLND worth more than RKT, or entrenched data monopolies and solution providers such as BKI or even CLGX?

Why did the Fed feel the need to absorb $351 billion in cash yesterday via reverse repurchase (RRP) transactions?

Why is Joe Biden declaring war on American family farmers, investors in multifamily real estate and Main Street USA?

We view RKT's refusal to provide this material information to investors as a significant omission in its public disclosure...

Each burst of liquidity provided by the FOMC in response to a major externality creates the conditions for the next financial crisis

We continue to believe that issuers and funds should be accumulating conventional servicing. Rates bottomed in February...

Given that IMBs now service two-thirds of all 1-4 family residential mortgage loans, the risk to the nonbanks from COVID is growing...

We have long advocated the idea of an independent mortgage bank (IMB) combining with a strong regional lender

In this issue of The Institutional Risk Analyst, we compare two major players in the residential mortgage servicing space, New...

Significantly, OZK predicts shrinking CRE loan volumes in 2021....

magine if the Fed started margin calling the big banks in response to the April market selloff rather than supporting the system!

The GSEs will never be worth more than about $250 billion regardless of how much additional taxpayer money is contributed....