Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability
The Stoop (NYU Furman Center)
NOVEMBER 11, 2024
3 In this article, I argue that these two standards are no longer essential given the evolution of the markets and mortgage industry over the decades since they were established. 1 FSOC was created by the Dodd-Frank Act in response to certain regulatory failings revealed by the financial crisis of 2007-2009. 2 See [link].
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