Regulatory Compliance Archives

FSOC recommends more regulation and liquidity for nonbank servicers

May 13, 2024 mpsingh No Comments Real estate FHFA, FSOC, Ginnie Mae, liquidity, MSR, nonbank, recommends, Regulation, Regulatory Compliance, servicers, servicing

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

The ‘double-edged sword’ of dual licensing

Launched in the fourth quarter of 2023, Real-Finity Mortgage LLC has already funded more than $13 million in mortgages in Texas, California and Florida, with plans to expand to other markets in the U.S, according to the company. It has a small team of about 26 people and more are expected to join in the [...]read more