The housing finance system is potentially unprepared for the next economic downturn, as current tools that supported borrowers during the pandemic may not be viable if interest rates remain high. Independent Mortgage Banks (IMBs) are particularly vulnerable due to their reliance on mortgage activity and lack of diversified revenue streams. Professionals in financial technology should anticipate a need for new liquidity vehicles and risk management solutions for mortgage servicers.
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Ali NematiWritten by Ali
