UBS, Credit Suisse Pact Stabilizes Key Source of Mortgage Financing

National Mortgage News, Mar. 20, 2023–Bonnie Sinnock (subscription)
The $3.2 billion government-backed offer from Switzerland’s UBS to buy its troubled competitor, Credit Suisse, is a relief to the U.S. mortgage market in part because the two companies have some limited ties to it, but more because it stabilizes European financial institutions that broadly support industry funding.
https://www.nationalmortgagenews.com/news/ubs-credit-suisse-pact-stabilizes-key-source-of-mortgage-financing?