The Institutional Risk Analyst

Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell are another bank failure or two away from returning to the private sector.

We recently added Western Alliance (WAL) and GHLD to our portfolio

By any reasonable standard, Janet Yellen should have already resigned, but not in the strange world of Washington.

Last week not a single member of the Big Media managed to ask Fed Chairman Jerome Powell about the state of the US banking system

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

The Federal Open Market Committee has arguably lost control of monetary policy and has placed America's banks in grave risk.

CEO Patrick Collison is guiding investors and the media to a $200 million profit in 2023. Selective disclosure??

As the FOMC moves short-term rates towards 6%, we expect to take another run at double-digit rates for prime residential mortgage loans.

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

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

We hear in the channel that regulators are making their views of future loss probabilities very clear in guidance to the top banks

In this issue of The Institutional Risk Analyst, we speak to Mike Patterson, COO of Freedom Mortgage.

The Fed’s de facto embrace of inflation encourages misallocation of economic resources on a grand scale....

The largest banks continue to serve as a haven for refugees from crypto fraud schemes and the fintech swoon, but are not cheap

The US government now owns the largest reverse lender in the country.

Like most nonbanks (and Goldman Sachs is predominantly a nonbank), volumes are falling and funding costs are rising.

Whether we are talking about corporate credit exposures or housing, the short trade may be the place to be over the next year.

Is 2023 the year of the Return of the Distressed Loan Trade?

There are literally dozens of banks in the US made insolvent by the policy moves of the FOMC over the past year.

The entire mortgage industry will have a single point of failure with the ICE/BKI combination