Freddie Mac Buying HELOCs? Really Meredith? | UWMC & Disappearing MSRs
We think Whitney’s comments about a surge in new lending from Freddie Mac buying home equity loans are poorly considered
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The Institutional Risk Analyst
© 2003-2024 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance
R. Christopher Whalen
Apr 47 min read
Vanguard & Black Rock Control JP Morgan? | PNC & United Wholesale Mortgage
BK and Vanguard are above the 4.9% legal limit on ownership of voting shares of a bank. This fact gives the FDIC et al the power...
912 views
R. Christopher Whalen
Mar 285 min read
Inflation & the Passion of Jerome Powell
Perhaps Chairman Powell will be kind enough to fall on his sword on way out the door to make things easier for a future Chairman Waller...
1,074 views
R. Christopher Whalen
Mar 67 min read
Does Kathy Hochul Have a New York Community Bank Endgame?
FDIC Chairman Gruenberg ought to tell New York State to take over the rent controlled loans from Signature, NYCB and other lenders...
2,012 views1 comment
R. Christopher Whalen
Feb 214 min read
Does CapitalOne + Discover Financial = Shareholder Value?
Elizabeth Warren and progressives in Congress should support COF's purchase of Discover as a way to compete with monopoly JPMorgan
489 views
R. Christopher Whalen
Feb 186 min read
Home Mortgage Rates Falling? Really?
If President Trump starts talking about fixing the federal budget deficit and redeveloping moribund urban real estate, he’d win in November
1,503 views
R. Christopher Whalen
Jan 298 min read
EVs Wane, Fintech Sputters & COF Dumps Commercial Mortgages
Now let’s take a look at how some members of the banking and fintech sector are doing in the first month of 2024.
806 views
R. Christopher Whalen
Jan 88 min read
Bank Reserves & Treasury Auctions
As the public debt of the US grows, after all, the implicit claim of the Treasury on all private US assets also grows.
1,212 views
R. Christopher Whalen
Nov 27, 20236 min read
The Moral Hazard of Jerome Powell
Instead of seeking authority from Congress, Chairman Bernanke and other members of the FOMC merely turned on the public spigot.
1,733 views
R. Christopher Whalen
Oct 9, 20237 min read
Texas Capital Bank v Ginnie Mae
The legal dispute between Ginnie Mae and Texas Capital Bank makes additional defaults by HECM lenders more likely...
1,033 views
R. Christopher Whalen
Aug 22, 20238 min read
China's Debt Crisis Accelerates
Our view is that China has been caught in a debt deflation for the past five years.
1,396 views
R. Christopher Whalen
Aug 7, 20236 min read
Biden Administration Staggers Toward a Debt Default
Whether we have Donald Trump or Joe Biden in the White House next Christmas, the US seems to be on a trajectory to a financial crisis...
2,008 views
R. Christopher Whalen
Aug 2, 20235 min read
Fitch Downgrades US to AA+; Fintech Stocks Soar on Powell Inflation
S&P was the first to call out the growing lack of fiscal discipline in Washington, downgrading Uncle Sam in 2011
704 views
R. Christopher Whalen
Jun 19, 20238 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.
1,660 views
R. Christopher Whalen
May 10, 20238 min read
Is USA still a "AAA" Credit? Really? Update: Rithm Capital
When interest rates eventually fall those late vintage mortgage loans with 6% coupons will evaporate like spring snow in the sunshine
1,505 views
R. Christopher Whalen
Mar 6, 20238 min read
Atlas Stumbles, Silvergate Wallows; 360 Mortgage v. Fortress (and RITM)
Are nonbank mortgage firms a risk to Ginnie Mae? Or is it really the other way around?
1,807 views
R. Christopher Whalen
Sep 18, 20229 min read
Inflation, Politics & Fed Chairmen
As the scale of Fed open market operations grew since 2008, volatility has increased, rendering the adjustment from QE to QT problematic
1,071 views
R. Christopher Whalen
Sep 11, 20228 min read
Interview: David Stevens on GNMA Capital Rule & ICE + BKI
The entire mortgage industry will have a single point of failure with the ICE/BKI combination
1,837 views
R. Christopher Whalen
Aug 24, 20226 min read
Interview: Scott Olson of Community Home Lenders of America
The banks have left the government market. Now Ginnie Mae seems bound and determined to drive the IMBs out of government lending as well
700 views
R. Christopher Whalen
Jul 18, 20223 min read
Dollar Remains World Reserve Currency
Once again the US is coming out of a global crisis as the cleanest dirty shirt in the laundry.
511 views
Christopher Whalen
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