FSOC recommends more regulation and liquidity for nonbank servicers

A recently published report by the Financial Stability Oversight Council (FSOC) identified vulnerabilities at nonbank mortgage servicers that pose risks to financial stability. It recommended increased regulation and initiatives to improve these companies’ liquidity during moments of stress, but mortgage trade groups have different reactions to the proposals. The attention on nonbank mortgage companies have increased since their [...]read moreFSOC recommends more regulation and liquidity for nonbank servicers