Opinion: How Bank Failures May Soon Impact Non-Bank Lenders

National Mortgage News, July 24, 2023–Kevin Wilzbach (subscription)
The rapid collapse of SVB, Signature and First Republic in less than 60 days came as a shock to the banking ecosystem. These failures reinforced the importance of a holistic enterprise-wide framework to manage risk and have already resulted in calls for increased financial and regulatory scrutiny for banks, mortgage companies and fintechs. Mortgage Bankers Association President Robert Broeksmit voiced his concern about the new wave of regulation that he sees coming during the recent Secondary Marketing Conference in New York City. Broeksmit ascribed the banking failures to the banks’ “unique business models, their corporate mismanagement of interest rate risk, and their customer homogeneity.”
https://www.nationalmortgagenews.com/opinion/how-bank-failures-may-soon-impact-non-bank-lenders