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Silicon Valley Bank’s Collapse Highlights Mortgage Exposure

The regulatory closure of Silicon Valley Bank had the most immediate impact on Silicon Valley, but there are also implications for the mortgage world. So reports The Real Deal.

silicon valley bankSVB’s 2022 annual report shows that about 15% of the loans on its books were secured by real estate mortgages.

About $8.3 billion of that was in loans backed by personal residence mortgages and $2.6 billion in commercial mortgage loans.

Read the full article from The Real Deal.

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