2min chapter

Moody's Talks - Focus on Finance cover image

FedNow could increase deposit flight risk; high rates raise UK mortgage lenders' asset, social risks

Moody's Talks - Focus on Finance

CHAPTER

The Banks' Response to MortgageDefaults

Moody's expects unemployment to take up, but it'll still be below the 50-year average of the 5% level. Moody's: We expect unemployment to get to in 2024. And if mortgage defaults to Google, how would you expect the banks to respond? What will they do to manage the increase?

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