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…]
Mortgage Q&A: âWhat happens to my mortgage if my bank fails?â It’s happening again – banks are failing. The latest being Signature Bank and Silicon Valley Bank, the third and second largest failures on record, respectively. Washington Mutual’s mortgage-driven failure in 2008 still stands as the largest bank failure in U.S. history. But will it… Read More »What Happens to My Mortgage If My Bank Fails?
The post What Happens to My Mortgage If My Bank Fails? appeared first on The Truth About Mortgage.
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…]
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.
The Marriner S. Eccles Federal Reserve building in Washington, D.C. on Monday, one day after the Fed announced the Bank Term Funding Program, which offers banks, credit unions and other eligible institutions loans to shore up their liquidity.Al Drago/Bloomberg Not for the first time, the Federal Reserve has intervened with a liquidity facility aimed at … [Read more…]
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.
Youâve heard about, you know about it. Last week, Silicon Valley Bank was the target of a bank run, prompting the FDIC to take over the troubled company on March 10th. It was the first bank failure since October 2020, and was quickly followed by another failure, NYC-based Signature Bank. That prompted the Federal Reserve… Read More »Mortgage Rates vs. Bank Failures
The post Mortgage Rates vs. Bank Failures appeared first on The Truth About Mortgage.