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
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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
Feb 156 min read
Interest Rates, Mortgage Lenders & MSRs
While there are a great number of people inside the Fed who ponder the appropriate level of reserves in the system, they don't really know
647 views
R. Christopher Whalen
Feb 1311 min read
Should We Resurrect the Reconstruction Finance Corporation?
We can all pretend that the collapse of valuations for many commercial and multifamily properties is not a major problem. Or we can act now
1,529 views
R. Christopher Whalen
Feb 87 min read
Fear & Loathing in Credit; Update: PayPal Holdings
We think that the whole banking industry could be driven into multiple periods of loss as they divert income to loss provisions.
908 views
R. Christopher Whalen
Feb 410 min read
Assume Loss Given Default > 100% | PennyMac & Western Alliance Bank
Q: What do Silicon Valley Bank, First Republic Bank, Signature Bank and New York Community Bank have in common? Auditor, KPMG.
2,609 views
R. Christopher Whalen
Feb 17 min read
NYCB Cleans House Badly, NAIC Gives Insurers Pass on Realized Losses
Sad to say, the business at NYCB is doing better than you'd think reading the bank's absurd disclosure.
1,895 views
R. Christopher Whalen
Jan 306 min read
Good, Bad & Ugly: AXP, SOFI & BAC
AXP is a premium stock that is best acquired when people think, incorrectly, that the world is ending.
854 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 249 min read
Interview: Bill Kennedy of RiskBridge Advisors
Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.
788 views
R. Christopher Whalen
Jan 225 min read
Update: U.S. Bancorp
Net interest income at USB was down again for the fourth consecutive quarter, confirming a trend across the banking industry
546 views
R. Christopher Whalen
Jan 205 min read
With Commercial Property, the Equity Goes First
The key thing to remember with commercial real estate is the change in price volatility and direction that has occurred since COVID.
1,273 views
R. Christopher Whalen
Jan 187 min read
Banks Slow Walk Commercial Real Estate Losses
As reflected in the valuations for JPM, WFC and BXMT, institutional investors are still not that concerned about commercial real est losses
762 views
R. Christopher Whalen
Jan 157 min read
Citigroup Cannot Cut to Profitability
If Fraser cannot articulate a coherent reason to keep the business together, a breakup may be the most sensible strategy.
1,409 views
R. Christopher Whalen
Jan 115 min read
Bank Earnings Setup Q4 2023
Look for falling rates sooner rather than later as the Fed and other agencies prepare to resolve more bank failures in 2024.
618 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.
1,211 views
R. Christopher Whalen
Jan 33 min read
Comments on Basel III Endgame
The Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk
749 views
R. Christopher Whalen
Dec 31, 20237 min read
End of Fintech? Biden GSE Release?
Is AFRM maturing from a hot new fintech entrant to a familiar face headed for a bank license?? Yikes.
1,513 views
R. Christopher Whalen
Dec 26, 20235 min read
Higher Home Prices & Inflation in 2024
This morning, banks are buying funding from the BTFP below 4.85% and selling Fed funds at 5.5%.
1,576 views
R. Christopher Whalen
Dec 21, 20237 min read
Update: Citigroup Fights for Credibility
Citigroup picked up almost 10 points of book value since the end of Q3 2023.
612 views
R. Christopher Whalen
Dec 19, 20236 min read
Another Progressive New Year?
Many participants in the equity markets are chewing on ski tips this holiday season after boldly predicting lower interest rates in 2024
724 views
Christopher Whalen
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