The Institutional Risk Analyst

Are nonbank mortgage firms a risk to Ginnie Mae? Or is it really the other way around?

Crypto, of course, is not an asset as much as a bad idea that was given life by Quantitative Easing

Crypto has gone from a sort-of juiced up equity strategy to a distressed credit story in just hours.

The good news for BAC and other banks is that there is a discernable lift underway on the yield of bank balance sheets

The 5-year CDS spreads for ALLY were trading 280bp over the swaps curve compared with 120bp for Citigroup (C) & 150bp for CapitalOne

The reduction in the Fed's balance sheet is the largest ever margin call on equity exposures of all descriptions.

There are virtually no conventional lenders in the US today that are profitable when the sell a loan into the secondary market.

SI’s management team is taking advantage of the narrative in Washington, which is that stable coins will be a bank only product