R. Christopher WhalenJan 33 minComments on Basel III EndgameThe Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk
R. Christopher WhalenOct 9, 20237 minTexas Capital Bank v Ginnie MaeThe legal dispute between Ginnie Mae and Texas Capital Bank makes additional defaults by HECM lenders more likely...
R. Christopher WhalenAug 14, 202310 minReverse Mortgage Bankruptcy Festers; IRA Housing OutlookThe Biden Administration has no real strategy for addressing the growing stress in the market for government insured mortgages
R. Christopher WhalenMay 25, 20238 minInterest Rates, MSRs, Mortgage Putbacks & FICO ScoresPersistent talk about a 5.5% 30-year mortgage rate later this year is badly wrong as TBAs flip from 5.5% to 6% coupons for delivery in June
R. Christopher WhalenMar 6, 20238 minAtlas Stumbles, Silvergate Wallows; 360 Mortgage v. Fortress (and RITM) Are nonbank mortgage firms a risk to Ginnie Mae? Or is it really the other way around?