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The Institutional Risk Analyst


Interest Rates, Mortgage Lenders & MSRs
While there are a great number of people inside the Fed who ponder the appropriate level of reserves in the system, they don't really know
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Feb 15, 20246 min read


Loan Delinquency, EBOs & Ginnie Mae MSRs
It seems obvious that the reported book value metrics coming from many commercial banks, REITs and mortgage banks are a tad inflated...
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Nov 15, 20226 min read


Nonbank Lenders: The Dead Pool
With the Fed doubling down on rate increases, the pressure on all manner of nonbank finance companies and fintech platforms is growing.
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Oct 6, 20226 min read
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