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.
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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
- Feb 25
- 5 min
WGA Releases Top 50 Bank Index | What's in Your ETF?
Not all banks or companies are the same and not all follow the herd.
1,107 views
R. Christopher Whalen
- Feb 21
- 4 min
Does CapitalOne + Discover Financial = Shareholder Value?
Elizabeth Warren and progressives in Congress should support COF's purchase of Discover as a way to compete with monopoly JPMorgan
487 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
- Feb 13
- 11 min
Should We Resurrect the Reconstruction Finance Corporation?
We can all pretend that the collapse of valuations for many commercial and multifamily properties is not a major problem. Or we can act now
1,527 views
R. Christopher Whalen
- Feb 8
- 7 min
Fear & Loathing in Credit; Update: PayPal Holdings
We think that the whole banking industry could be driven into multiple periods of loss as they divert income to loss provisions.Â
907 views
R. Christopher Whalen
- Feb 4
- 10 min
Assume Loss Given Default > 100% | PennyMac & Western Alliance Bank
Q: What do Silicon Valley Bank, First Republic Bank, Signature Bank and New York Community Bank have in common? Auditor, KPMG.
2,604 views
R. Christopher Whalen
- Feb 1
- 7 min
NYCB Cleans House Badly, NAIC Gives Insurers Pass on Realized Losses
Sad to say, the business at NYCB is doing better than you'd think reading the bank's absurd disclosure.
1,890 views
R. Christopher Whalen
- Jan 30
- 6 min
Good, Bad & Ugly: AXP, SOFI & BAC
AXP is a premium stock that is best acquired when people think, incorrectly, that the world is ending.
853 views
R. Christopher Whalen
- Jan 29
- 8 min
EVs Wane, Fintech Sputters & COF Dumps Commercial Mortgages
Now let’s take a look at how some members of the banking and fintech sector are doing in the first month of 2024.
806 views
R. Christopher Whalen
- Jan 24
- 9 min
Interview: Bill Kennedy of RiskBridge Advisors
Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.
786 views
R. Christopher Whalen
- Jan 22
- 5 min
Update: U.S. Bancorp
Net interest income at USB was down again for the fourth consecutive quarter, confirming a trend across the banking industry
546 views
R. Christopher Whalen
- Jan 20
- 5 min
With Commercial Property, the Equity Goes First
The key thing to remember with commercial real estate is the change in price volatility and direction that has occurred since COVID.
1,271 views
R. Christopher Whalen
- Jan 18
- 7 min
Banks Slow Walk Commercial Real Estate Losses
As reflected in the valuations for JPM, WFC and BXMT, institutional investors are still not that concerned about commercial real est losses
761 views
R. Christopher Whalen
- Jan 15
- 7 min
Citigroup Cannot Cut to Profitability
If Fraser cannot articulate a coherent reason to keep the business together, a breakup may be the most sensible strategy.
1,368 views
R. Christopher Whalen
- Jan 11
- 5 min
Bank Earnings Setup Q4 2023
Look for falling rates sooner rather than later as the Fed and other agencies prepare to resolve more bank failures in 2024.
618 views
R. Christopher Whalen
- Jan 8
- 8 min
Bank Reserves & Treasury Auctions
As the public debt of the US grows, after all, the implicit claim of the Treasury on all private US assets also grows.
1,208 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
- Dec 31, 2023
- 7 min
End of Fintech? Biden GSE Release?
Is AFRM maturing from a hot new fintech entrant to a familiar face headed for a bank license?? Yikes.
1,510 views
Christopher Whalen
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