The Institutional Risk Analyst

You take the GSEs out of conservatorship, the big banks led by JPMorgan and U.S. Bancorp will own the conventional loan market

Sad to say, the business at NYCB is doing better than you'd think reading the bank's absurd disclosure.

The “winners” in the mortgage sector will be those larger players with equally large servicing books that can access bank funding

JPM is really a large mutual fund with a bank attached, as shown in the table below.

If the FOMC raises the target rate for fed funds further, then banks like CMA are likely to come under renewed selling pressure.

With inflation fears moderating, look for Buy Side managers to buy bank stocks – even if earnings remain constrained...