The Institutional Risk Analyst

Banks | Markets | Fintech

Atlas 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?

1,529 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

Update: Mr. Cooper (COOP)

Despite the outlook for the industry, COOP continues to be one of the better performing names in our mortgage surveillance group.

280 views