Nonbank Mortgage Companies news and trends

FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies

May 10, 2024
Federal Housing Finance Agency, FHFA
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FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies

May 10, 2024
The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do more to enhance the resilience of nonbank mortgage companies (NMCs). The agency did so in a report released Friday (May 10) that also identifies risks in this sector, the FSOC said in a press release outlining the report. “We need further action to promote safe […]