Tag Archive for: SVB failure

Silicon Valley Bank Failure – Effect on the Mortgage Industry

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 concerns were probably justified – given that banking meltdowns have sparked major recessions and even depressions throughout American history.Read More