Specter of the S&L crisis haunts today’s mortgage market
Housing Wire
OCTOBER 13, 2022
The federal agency set up in the late 1980s to oversee and dispose of the assets of failed thrifts, the Resolution Trust Corp. One market expert sees a similar fate ahead for IMBs, absent an RTC, predicting that over the next two years more than one-fifth of the nonbank lenders now operating nationwide will merge or otherwise disappear. .
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