R. Christopher WhalenNov 7, 20227 minBrief: The Return of Home Equity LoansEvery residential mortgage loan made in 2020-2021 is likely to be underwater by the end of 2023
R. Christopher WhalenAug 25, 20226 minUpdate: 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
R. Christopher WhalenAug 21, 20227 minInterest Rates, FinTechs & MSRsInterest rates are starting to be very positive, and bank deposit rates are barely moving, so pretense of fintech as bank killer is over
R. Christopher WhalenFeb 7, 20224 minUpdate: PennyMac Financial and loanDepot February 7, 2022 | Last week saw the start of the reporting season for publicly listed mortgage companies, with loanDepot (LDI) and...
R. Christopher WhalenAug 16, 20215 minUpdate: Rocket Companies and United Wholesale MortgageGrowing numbers of investors are burned by mortgage stocks. Big question: Will the industry snap back due to now falling interest rates?
R. Christopher WhalenAug 9, 20215 minUpdate: Mr. Cooper & New Residential InvestmentThe big surge in income and net worth caused by the FOMC last year is rapidly ending. Winter has returned to mortgage land...
R. Christopher WhalenApr 5, 202113 minUpdate: Commercial, Residential Loans & MSRsWe continue to believe that issuers and funds should be accumulating conventional servicing. Rates bottomed in February...