What the Silicon Valley Bank Collapse Means for You — Even if You Don’t Have Money There
Plus, what role the FDIC plays in it all.
Plus, what role the FDIC plays in it all.
WASHINGTON — Rep. French Hill, R-Ark., who has long been one of Republicans’ leading voices on bank policy, played a leading role in Congress as the events of weekend around the failures unfolded. Hill and the top Republican on the House Financial Services Committee, Rep. Pat McHenry of North Carolina, briefed the party’s lawmakers in … [Read more…]
Home loan tenures jump to over 50 years on rate hikes | Mint Mint
The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the Sept. 11 terror attacks. The one-day drop in two-year yields was the biggest since the Volcker era in the early 1980s and surpassed the period surrounding … [Read more…]
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The threat of warehouse-line contractions and margin calls is real for IMBs after a series of bank failures, but not a foregone conclusion, industry experts say.
Mortgage Rates Down Big, But Lagging Other Indicators Mortgage News Daily
With recent moves by the the Federal Deposit Insurance Corporation (FDIC), in conjunction with the Treasury and Federal Reserve Bank, to protect deposits at two large banks, many people are wondering what the FDIC is, exactly, and what it does. The Federal Deposit Insurance Corporation, or FDIC, is an independent agency of the U.S. government. […]
The post FDIC Insurance: What It Is And How It Works appeared first on SoFi.