Fannie Maehas projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession - primarily due to the combination of tighter lending standards by small- and mid-sized regional banks.The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae's Economic and Strategic Research (ESR) Group said.
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