
Forecast Surprises, Successes and Slip-Ups
Moody's Talks - Inside Economics
00:00
The Non-Bank Mortgage Industry
The non-bank mortgage industry is under a lot of pressure. They rely on warehouse credit lines from the big banks and capital markets for their funding. If they stop lending, then the housing market shuts down. Then those house price declines we were talking about are going to happen.
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