Following the collapses of Silicon Valley Bank and Signature Bank and the resulting market uncertainty, our Marty Green spoke with several media outlets about the impact of these events on the mortgage industry and what can be expected from the March FOMC meeting.
“The failures of Silicon Valley Bank and Signature Bank have made the Federal Reserve’s decision at its March meeting significantly more complicated,” Green said. “Until now, the economy has weathered the Federal Reserve’s substantial interest rate increases reasonably well, with the exception of the mortgage and residential real estate markets.”
Green continues to be a go-to source for publications seeking insights on how the Federal Reserve’s actions impact the residential real estate and mortgage industries.
“There is a real possibility that the Federal Reserve pauses rate increases in March to better see the impact of their policy decisions to date, a move advocated by Sheila Bair, the former Chair of the FDIC,” Green added.
Read Green’s commentary in the following media outlets:
- National Mortgage News – Mortgage volumes increase for second week
- Globe St. – With Two Bank Failures, Will the Fed Gear Back Rate Hikes?
- Mortgage News Network – Running To Save The Banks