Collapse of SVB

Will The Collapse Of SVB Hit Bay Area Home Prices?

As many know, California's Department of Financial Protection declared Silicon Valley Bank (SVB) insolvent on March 10th. The same Department named the FDIC as a receiver. Although SVB was better known for financing tech companies, this financial institution was also a significant mortgage lender, and its collapse may affect the Bay Area’s real estate market.  A brief history of SVB SVB was...

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