The Institutional Risk Analyst

Cute reference to "average cost," but total return to date would be of greater interest.

Selling the Treasury's control position in the GSEs while dragging the furious shareholders along behind is not an attractive opportunity

Yes, that's right, we are going to downgrade $8 trillion in GSE MBS and hundreds of billions in corporate debt.

BLND is generating operating leverage via cost reductions, another way of saying that management is slowly winding up the business.

What happens to the Trump Trade and the broader equity markets if the FOMC passes on a December rate cut?

Could President elect Donald Trump be facing a maxi market correction before inauguration day?

The changes that are going to occur in Washington over the next four years will be dramatically different than during Trump I.

You can tell lies and damn lies about the idea of releasing Fannie and Freddie, but the SEC and FINRA cannot and will not say a word. 

Many homes in FL no longer have adequate home owners insurance much less federal flood insurance.

How will the sudden shift in Fed policy impact financials? Are we headed for a recession?

Why should a private Fannie Mae be a 20% risk weight under Basel III, but PFSI or Mr. Cooper (COOP) are 100%?

If President Donald Trump wins in November, he’ll be more than justified in demanding Jerome Powell’s immediate resignation.

If JPM, PFSI or UWMC want to pay the government to wrap conventional MBS in a “AA+” sovereign rating, why should the Treasury say no?

Citi is a subprime lender. They should be directly involved in government lending.

Are there bank bargains down in the cellar waiting to be discovered?

We think Whitney’s comments about a surge in new lending from Freddie Mac buying home equity loans are poorly considered

Is AFRM maturing from a hot new fintech entrant to a familiar face headed for a bank license?? Yikes.

With a 75bp average total gfee, would the market for private label MBS return? Or would conventional lending volumes simply crater?

Every residential mortgage loan made in 2020-2021 is likely to be underwater by the end of 2023

June 15, 2017 | Below are some thoughts for the discussion at Cato Institute in Washington, D.C., today, “Financial Crisis and Reform: Have We Done Enough to Fix the Government-Sponsored Enterprises?” The title for today’s discussion is a question “Have We Done Enough to Fix the Government-Sponsored Enterprises?” The short answer is “Yes.” A decade and a half before the US government took over the GSEs in 2008, Harold Ramis came out with a film called “Groundhog Day” star