US officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused ...
Unlike their counterparts, nonbank mortgage companies lack the stable deposits that can serve as a buffer during economic ...
As of 2022, nonbank mortgage companies originated about two-thirds of US mortgages and owned the servicing rights on 54% of mortgage balances, according to FSOC. That’s up significantly from 2008 ...
JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs ...
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New York (CNN) — US officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets ...