The Institutional Risk Analyst

Banks | Markets | Fintech

Mortgage Wrap; PennyMac Financial, Rithm Capital & MSRs

We suspect that the IMBs will be sellers of conventional assets to defend their Ginnie Mae MSRs. Banks may be buyers of conventional assets

523 views

Nonbank Lenders: The Dead Pool

With the Fed doubling down on rate increases, the pressure on all manner of nonbank finance companies and fintech platforms is growing.

642 views

Update: Blend Labs & loanDepot Inc.

If the merger of Black Knight and Intercontinental Exchange goes through, the expanded ICE monopoly will simply give POS tools away for free

339 views

Update: Crypto Frauds and Fintech Dreams

Q: What do Elon Musk and Masayoshi Son have in common? Gigantic margin loans...

521 views

Update: Better.com, Wise PLC and United Wholesale Mortgage

Somehow the folks at UWMC did not take notice of the fact that secondary stock offerings for all issuers have basically disappeared

406 views

Update: Blend Labs, Guild Mortgage and United Wholesale Mortgage

To paraphrase our friend and fellow mortgage maven Rob Chrisman, ponder a 2022 lending market that’s 75% purchases and just 4.79 million uni

324 views

Cenlar FSB, COOP, BLND and the Great MSR Migration

Risk to investors in the market for residential mortgages is rising and from multiple sources

370 views

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...

571 views

Profile: Blend Labs, Inc ("BLND")

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

864 views