U.S. Mortgage Lenders Are Starting to Go Broke

As interest rates rise, market watchers expect a string of bankruptcies among non-bank mortgage lenders.

By Carmen Arroyo, Steven Church & By Maxwell Adler | August 22, 2022 at 08:15 AM

The U.S. mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that's coming could be the worst since the housing bubble burst about 15 years ago.

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