Joe Biden Goes Subprime; Should Citi Buy NYCB/Flagstar?
Citi is a subprime lender. They should be directly involved in government lending.
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The Institutional Risk Analyst
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Banks | Markets | Finance
R. Christopher Whalen
Feb 297 min read
Update: UWMC & Rocket; Rate Cut Dreams Fade
Industry leaders believe that the FHFA wants the GSEs to offer issuers "repurchase insurance" to the tune of 25bps per loan.
581 views
R. Christopher Whalen
Sep 25, 20236 min read
Will Fannie Mae & Freddie Mac Raise Guarantee Fees?
With a 75bp average total gfee, would the market for private label MBS return? Or would conventional lending volumes simply crater?
903 views
R. Christopher Whalen
Feb 27, 20236 min read
QT & Powell's Liquidity Trap
The Federal Open Market Committee has arguably lost control of monetary policy and has placed America's banks in grave risk.
8,672 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
Jun 20, 20228 min read
The Fed and Housing
Issuing CMOs via the GSEs could help the FOMC out of its trading mess, but represents a monumental irony.
1,614 views
R. Christopher Whalen
Jan 31, 20224 min read
Chris Abate: The Return of Private Mortgages
We see a bright future ahead for the private label loan market....
918 views
R. Christopher Whalen
May 25, 20215 min read
Update: Rising Interest Rates & Mortgage Servicing
The Fed’s chief concern is keeping the Treasury debt market open and functional. Liquidity includes cash and risk-free collateral...
694 views
R. Christopher Whalen
Apr 19, 20215 min read
The Interview: Nom de Plumber on Forbearance Risk
Sooner or later someone has to eat those forgone cash flow losses....
923 views
R. Christopher Whalen
Mar 29, 20218 min read
Nonbanks Face Labyrinth of Risk from COVID Loans
Given that IMBs now service two-thirds of all 1-4 family residential mortgage loans, the risk to the nonbanks from COVID is growing...
939 views
R. Christopher Whalen
Jan 25, 20218 min read
Jim Parrott on GSE Reform and the Road Ahead
The GSEs will never be worth more than about $250 billion regardless of how much additional taxpayer money is contributed....
631 views
Christopher Whalen
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