The Institutional Risk Analyst

Banks | Markets | Fintech

Record Losses for Mortgage Banks Presage Tough Year Ahead

Is 2023 the year of the Return of the Distressed Loan Trade?

489 views

Loan Delinquency, EBOs & Ginnie Mae MSRs

It seems obvious that the reported book value metrics coming from many commercial banks, REITs and mortgage banks are a tad inflated...

686 views

Short QE, Long Volatility

Until the FOMC raises interest rates to more “normal” levels, we don’t expect actual volatility to decline.

427 views

The Bear Case for Ginnie Mae Issuers

The nightmare scenario in the government loan market is that FHA loan delinquency rises to the point where issuers become insolvent

634 views

Interview: Scott Olson of Community Home Lenders of America

The banks have left the government market. Now Ginnie Mae seems bound and determined to drive the IMBs out of government lending as well

648 views

Interest Rates, FinTechs & MSRs

Interest rates are starting to be very positive, and bank deposit rates are barely moving, so pretense of fintech as bank killer is over

509 views

News: Improving Liquidity for Ginnie Mae Servicing Assets

Collateralized lending in the US was essentially impossible outside of banks from 1925 through the mid-1970s...

265 views

GNMA Issuer Rule Threatens Government Market

This rule could cost literally tens of billions in losses to banks and nonbanks alike...

2,003 views