Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability
The Stoop (NYU Furman Center)
NOVEMBER 11, 2024
This nearly-50-page document concluded that nonbank mortgage servicers (NMSs) collectively are a potential threat to financial stability. In addition, since 2008, it is also their conservator, which gives it powers to directly control all their operations and decision-making. government. 11 The FHFA is the regulator of the two GSEs.
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