The Institutional Risk Analyst

Banks | Markets | Fintech

Winners & Losers in the New Gilded Age

Mark Twain called Washington ''the grand old benevolent National Asylum for the Helpless'' in his classic "The Gilded Age."

1,180 views

RKT Sinks, UWMC Wobbles, RITM Treads Water & Goldman Doubles Down

GS is a securities dealer first and foremost and has no comparative advantage as a bank.

822 views

Mortgage Wrap; PennyMac Financial, Rithm Capital & MSRs

We suspect that the IMBs will be sellers of conventional assets to defend their Ginnie Mae MSRs. Banks may be buyers of conventional assets

457 views

Two Inflation Narratives; Credit Suisse & Ginnie Mae MSRs

The big take away from Q4 2022 earnings is that credit expenses are headed higher and at a brisk pace

716 views

Profile: NYCB + Flagstar Bancorp

The combination of New York Community Bank and Flagstar creates an $85 billion bank with a national mortgage business

411 views