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Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability

The Stoop (NYU Furman Center)

First, the implementation timeline is rather long, as key recommendations are significantly dependent upon Congress passing legislation – and it must be assumed that such passage will require, at a minimum, at least several years. I find these recommendations lacking for four main reasons. 2 See [link].

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The White House’s Focus on Closing Costs: Long Overdue and Worth the Fight (Part 2)

The Stoop (NYU Furman Center)

This translates into considerable clout in Congress and state legislatures. 23 There has even been legislation proposed in Congress to legally require the tri-merge report, 24 overriding the FHFA’s proposed reform. This type of proposal for legislation is often a direct outgrowth of industry lobbying, so it is not unexpected.

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Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

The changes then became the subject of hearings and legislation in the Republican-controlled House of Representatives to reverse the changes. the legislation that established them). percent upfront fee economically translates into a per annum 0.20 16 Lawsuits by state-level Republican officials were also threatened.