The Institutional Risk Analyst

BLND is generating operating leverage via cost reductions, another way of saying that management is slowly winding up the business.

Could President elect Donald Trump be facing a maxi market correction before inauguration day?

In dollar terms, the moves in 2023 were tiny vs the post March rally in 2020.

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

We suspect that the IMBs will be sellers of conventional assets to defend their Ginnie Mae MSRs. Banks may be buyers of conventional assets

With the Fed doubling down on rate increases, the pressure on all manner of nonbank finance companies and fintech platforms is growing.

If the merger of Black Knight and Intercontinental Exchange goes through, the expanded ICE monopoly will simply give POS tools away for free

Q: What do Elon Musk and Masayoshi Son have in common? Gigantic margin loans...

Somehow the folks at UWMC did not take notice of the fact that secondary stock offerings for all issuers have basically disappeared

To paraphrase our friend and fellow mortgage maven Rob Chrisman, ponder a 2022 lending market that’s 75% purchases and just 4.79 million uni

Risk to investors in the market for residential mortgages is rising and from multiple sources

The big surge in income and net worth caused by the FOMC last year is rapidly ending. Winter has returned to mortgage land...

Is BLND worth more than RKT, or entrenched data monopolies and solution providers such as BKI or even CLGX?