General World News

Go bust vs. resurgence for IMBs

The tumult in the banking industry set off by the failure of Silicon Valley Bank (SVB) on March 10, followed two days later by the collapse of Signature Bank, has sparked fear in the markets over a potential broader contagion infecting the entire financial industry — and ultimately the U.S. economy.

For independent mortgage banks [IMBs], the uncertainty of the direction the banking calamity will take and its impact on the housing-finance market remains an open question. Industry experts who spoke during a recent webinar — “The State of IMBs: The Impact details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com