Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability
The Stoop (NYU Furman Center)
NOVEMBER 11, 2024
Introduction The Financial Stability Oversight Council (FSOC) 1 published its “Report on Nonbank Mortgage Servicing 2024” 2 (the Report) earlier this year. 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]. government.
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