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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. government.

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Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

Not surprisingly, the two companies highly prioritized protecting those subsidies, which meant maintaining political support in Congress to ensure no legislation was passed to take them away. 19 This support was translated into extreme lobbying power in Congress, which ensured that the two companies did not lose the subsidies.