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FSOC Report: Risks of Non-Bank Mortgage Companies 

Published on May 17, 2024

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. 

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