The Institutional Risk Analyst

Does the Trump White House understand that the professional staff of the GSEs are preparing to roll out yet another capital increase for the residential housing market in 2025? Does Director Pulte understand that the changes are being advanced by the staffs of the GSEs in his name and with his apparent support? We suspect that the answer is no.

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?

Our Bank Top 10 and Top 25 indices continue to outperform the industry benchmarks, but the broader samples show growing financial stress

S&P was the first to call out the growing lack of fiscal discipline in Washington, downgrading Uncle Sam in 2011

Bottom line, when a bank seems to be doing much better than other banks, there is usually a reason and that reason is almost always bad