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 ...
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 and soaring ...
Official recession data says economic downturns have become less common in the US over time. But some economists are skeptical. AP Photo/Rick Bowmer One of the biggest questions of today's economy is ...