The Institutional Risk Analyst

But the greater risk to borrowers and investors is the widely held illusion that the valuations for rental properties grow to the sky. Take the example of China, where two decades of home price appreciation has been reversed and home prices have now fallen steadily for the past three years. How did this happen? Because the Chinese foolishly imitated the US methodology for tracking home prices, giving their citizens a false image of the actual conditions in the housing market

There is an old rule on Wall Street that industry sectors like airlines and auto manufacturers are trades rather than investments...

The majority of the actual cash profit generated from residential lending is found in the mortgage servicing rights (MSRs).

The Citi decision to exit mortgage servicing perhaps made sense in 2017, but today not so much.