Mortgage Lenders Are Starting to Go Broke

The video discusses the differences between big banks and independent lenders, focusing on their capital and access to emergency funds. It highlights the challenges non-bank lenders face due to rising interest rates, which have reduced refinancing incentives and affected the housing market's affordability. The discussion references lessons from the 2008 Great Recession, noting that current lending standards are tighter, reducing borrower risk but increasing lender challenges. The video concludes by examining the current market technicals and credit quality, emphasizing the difficulties non-bank lenders face in accessing debt and the bond market.

In what ways did the Great Recession influence current lending standards?

What is the impact of rising rates on the value of loans in the current market?