by Wolf Richter, Wolf Street:
How the next housing bust might unfold – the best-case scenario.
“THE WOLF STREET REPORT” is my new podcast. It’ll appear weekly right here on WOLF STREET. It’s where I discuss a topic in depth for 10-20 minutes.
In this inaugural edition, I ask: As higher interest rates hit the housing market over time, what will that do to banks and in particular to shadow banks that now originate over half of all mortgages? And what will the Fed do?