Tag Archive for: silicon valley bank failure

Jumbo Loans In Peril Because Of Commercial Bank Issues

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EVERYTHING IS FINE…UNTIL IT ISN’T The former owner of RPM Mortgage (now merged with Cross Country) told me about a particularly harrowing ordeal he went through in 2008. His company had locked tens of millions of dollars of loans with the intention of selling them to particular investors when they closed. RPM underwrote and funded […]Read More

Silicon Valley Bank Failure – Effect on the Mortgage Industry

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  Silicon Valley Bank’s (SVB’s) failure dominated headlines and social media all day Friday and over the weekend. Investors worldwide were very concerned because they were not sure if this was the start of an overall banking system meltdown or a one-off scenario. No economy can function without an effective banking system, so the initial […]Read More