IMBs face ripple effect from recent bank failuresÂ
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 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.
The collapse of Silicon Valley Bank and Signature may trigger lower mortgage rates, but it will likely increase scrutiny on IMBs and their risk management strategies.