Recent FSOC report details the unique role of non-bank mortgage companies, including both strengths and weaknesses. The report made recommendations to address the sector’s potential risk, including Congressional establishment of an industry financed fund for failing non-bank mortgage servicers, and furthering the FHFA and Ginnie Mae’s regulatory oversight of these entities.
FSOC Report: Risks of Non-Bank Mortgage Companies
Published on May 17, 2024
Recent News
Stress from Commercial Real Estate Will Persist
July 26, 2024
Key Threats Still Exist in the Financial System
July 26, 2024