The Institutional Risk Analyst

The mere fact of vaccination, effective or no, is probably worth several points of GDP simply by improving the national mood.

We continue to believe that issuers and funds should be accumulating conventional servicing. Rates bottomed in February...

Given that IMBs now service two-thirds of all 1-4 family residential mortgage loans, the risk to the nonbanks from COVID is growing...

US banks are running at income levels that are less than half of a year ago...

How do we prevent the Facebooks and Googles from dominating our political life? That is the question we must answer.

“Time to turn on the lights and find the rest of the cockroaches”

We anticipate significant loan loss reserve releases back into income in Q1 2021 and thereafter as banks adjust their loan loss provisions

Think of the Federal Reserve Bank of New York as a giant sump pump, sucking the available duration out of the bond market...

This is a really bad time to be focused on macroeconomic data....

We have long advocated the idea of an independent mortgage bank (IMB) combining with a strong regional lender

And after the great correction, the dollar will still be the global means of exchange, but Americans will have lost a huge amount of income

In this issue of The Institutional Risk Analyst, we compare two major players in the residential mortgage servicing space, New...

Remember when Fed Chair Yellen expressed surprise that more young people were not buying homes?

Significantly, OZK predicts shrinking CRE loan volumes in 2021....

magine if the Fed started margin calling the big banks in response to the April market selloff rather than supporting the system!

Most of midtown Manhattan’s offices and other structures are unused. Commuter volumes are 10% of pre-COVID levels.

The GSEs will never be worth more than about $250 billion regardless of how much additional taxpayer money is contributed....

Unless the FOMC relents and eases up on its massive purchases of Treasury securities and MBS, bank earnings are likely to decline further

Whenever interest rates rise, the amen chorus on Wall Street starts to warble about the benefits to banks.

The evolution of fintech companies into regulated banks has implications for public market valuations...