Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability
The Stoop (NYU Furman Center)
NOVEMBER 11, 2024
This means the far bigger influence comes from Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that are currently under the control 11 of the Federal Housing Finance Agency (FHFA). In addition, since 2008, it is also their conservator, which gives it powers to directly control all their operations and decision-making.
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