‘There will be bank failures,’ Fed chief tells lawmakers
Housing Wire
MARCH 8, 2024
banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. FDIC), banks held $2.78 trillion in residential mortgage debt as of first-quarter 2023.
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