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The Institutional Risk Analyst
Interest Rates, Deficits & Inflation
We think it is reasonable to push expectations of a cut in the target for Fed funds into Q1 2025.
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May 24, 20246 min read
Reverse Mortgage Bankruptcy Festers; IRA Housing Outlook
The Biden Administration has no real strategy for addressing the growing stress in the market for government insured mortgages
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Aug 14, 202310 min read
Powell Ought to Pivot to Bond Sales
If the FOMC raises fed funds further, bank failures and perhaps even a market access crisis for the Treasury are next.
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Jun 19, 20238 min read
Mark-to-Market on Bank America; Update on Credit Suisse & Guild Holdings
We recently added Western Alliance (WAL) and GHLD to our portfolio
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Mar 17, 20238 min read
GNMA, FNMA Seize Assets from Reverse Mortgage Funding Estate
The US government now owns the largest reverse lender in the country.
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Dec 22, 20226 min read
RMF Bankruptcy Signals Systemic Risk in GNMA Market
Bankruptcy of Reverse Mortgage Funding may be first step in a systemic crisis affecting the government loan market
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Dec 2, 20226 min read
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