R. Christopher Whalen2 days ago7 minThe Bull Case for Large BanksBig banks have big CRE exposures, too. So what drives this marvelous progression up the wall of worry?
R. Christopher Whalen4 days ago7 minYellen FSOC Punts on Mortgage Servicers; WGA Bottom 25 Banks Are there bank bargains down in the cellar waiting to be discovered?
R. Christopher WhalenMay 1010 minFreddie Mac Buying HELOCs? Really Meredith? | UWMC & Disappearing MSRsWe think Whitney’s comments about a surge in new lending from Freddie Mac buying home equity loans are poorly considered
R. Christopher WhalenMay 86 minPortfolio Update & Mortgage SurvivorsThe survivors in mortgage finance optimize operations around purchasing loans from brokers/ correspondents, and direct to consumer (DTC)
R. Christopher WhalenMay 59 minDebt Deflation in CRE? PFSI, COOP & RKTIf the run-of-the-mill Republic First interest rate mark is 13.3% of assets that is not just wiping out one bank’s 8% capital but also FDIC