Non-Bank Lender CEO on Why Companies Like His Could Cause Next Crisis

Home / Blog / Non-Bank Lender CEO on Why Companies Like His Could Cause Next Crisis

Posted To: MND NewsWire

In an opinion piece published by MarketWatch , the president of the nation's third largest non-bank lender says institutions such as his could find themselves in a tough situation should liquidity dry up. So tough, in fact, it could endanger the entire financial system. Sanjiv Das, CEO of Caliber Home Loans, says rising home prices which have made owning a home less affordable has also made life difficult for mortgage lenders. Originations have fallen, and after lenders reduce costs then "they are faced with the decision of whether to lower margins or credit standards . A "race to the bottom" such as occurred before the housing crisis isn't the only danger Das sees. Another is liquidity risk, the inability of a firm to meet short-term financial obligations such as a payroll. This risk is particularly...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

68aba57e b418 4133 87fb cae8574c2ea5 d205a027 95ee 43b1 9b48 81ab697c5b4c 423ee567 eb11 4475 bcc9 73f8799935f3 3065b5af 4076 47b2 9db8 a235dcb36870 68a9e95c 6d81 460f a29d 473308cbdfc0 ccb955ec 1cee 4738 ad7d 7b3d3b89e3dc c0125c0a 59ea 492d 8d77 c4e99cebc463 8c248a48 50b9 45fa 8a46 ed15f9a17eba 47a97393 118f 49b1 a345 4dae9488b1ae 28e22b40 cd9b 4b34 b203 cda02e7aa8ab a3ae778f 7d1a 4806 8052 a330f7fc70c8 c9310604 c25c 4e9d 93cd b85cc0bb1e60 ce95fccc 7340 483c 9f55 137b5424e01e ccf099ef 1dcd 4ea9 936a 21898485ec7d ff99b399 ccce 4ec8 a95f 79bd6230ebdc ae4828c7 d969 4c04 a5c9 316741dad386 045056f3 019e 41b2 8c9e 639148959549 6b4123fd 3e44 417d 97ab 2ee8de427767 29602df6 c54e 4da4 a6a3 52ec9eee73bc 5256bc19 6e02 4b94 a0dc 3518d01801d5 9833b04d eb95 4110 b893 30575083ec9a 36ec0f72 8666 4e1d 8d56 6f90c19a3b80 8a4171a9 a4db 48b3 9cff 72482bf3e782