R. Christopher WhalenMar 26, 202310 minUpdate: New York Community BankWe liked the NYCB + Flagstar story prior to the transaction with the FDIC for the assets and deposits of Signature Bank.
R. Christopher WhalenFeb 3, 20239 minTwo Inflation Narratives; Credit Suisse & Ginnie Mae MSRsThe big take away from Q4 2022 earnings is that credit expenses are headed higher and at a brisk pace
R. Christopher WhalenApr 28, 20225 minFlagstar Bancorp & Annaly Capital: All About VisibilityNo amount of computer power can really, really enable you to predict when Fred and Wilma are going to sell or refinance their home.
R. Christopher WhalenSep 20, 202111 minThe IRA Bank Book | Q3 2021In the Q3 2021 edition of The IRA Bank Book, we document the slow destruction of US bank asset and equity returns by the FOMC.
R. Christopher WhalenAug 23, 20217 minInterview: Lee Smith, Flagstar BankWe 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.
R. Christopher WhalenMay 4, 20216 minProfile: NYCB + Flagstar BancorpThe combination of New York Community Bank and Flagstar creates an $85 billion bank with a national mortgage business