The Institutional Risk Analyst

Banks | Markets | Finance

Jun 266 min read

Capital Confusion at Ginnie Mae & Mortgage Servicing Rights

Ginnie Mae would rather have issuers raise the NPV of the MSR in cash today than take the price risk of holding the whole MSR through time.

628 views

May 86 min read

Portfolio Update & Mortgage Survivors

The survivors in mortgage finance optimize operations around purchasing loans from brokers/ correspondents, and direct to consumer (DTC)

475 views

Feb 13, 20238 min read

Ginnie Mae - Credit Suisse = ? A Biden MSR Tax? Does BKI + ICE = < 2?

Our view is that the BKI purchase is a horrible deal for ICE shareholders, a value killer of epic proportions

1,045 views