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Yellen urges action to curb US mortgage market risks
KTBS Shreveport· 4 days agoUS Treasury Secretary Janet Yellen flagged risks posed in the mortgage market Friday, as regulators released recommendations to address the sector's...
Opinion | Janet Yellen’s New Too-Big-To-Fail Firms
The Wall Street Journal· 14 hours agoTreasury says non-bank mortgage servicers are systemically important.
FSOC warns on liquidity risk by nonbank mortgage servicers
Compliance Week· 1 day agoThe FSOC report, released Friday, noted that while the nonbank mortgage servicing industry has...
US Treasury's Yellen Says Congress Should Act on Nonbank Mortgage Sector
US News & World Report· 4 days agoYellen spoke during a meeting of the Financial Stability Oversight Council, a regulatory body she chairs and which was created after the 2007-2009 financial crisis. It is tasked with managing risks to the financial system.
Mortgage companies could intensify the next recession, US officials warn
CNN Business via AOL· 12 hours agoUS officials worry the next recession could be intensified by a cascading series of failures in the...
Are mortgage companies a major economic risk?
Orange County Register· 12 hours agoNonbank mortgage companies, which increasingly dominate the sector, pose unique risks and vulnerabilities that can weaken financial stability, according...
Nonbank Mortgage Companies Pose Financial Stability Risks, Yellen Says
Bloomberg· 4 days agoNonbank mortgage companies, which increasingly dominate the sector, pose unique risks and...
U.S. regulators call for new fund to prevent mortgage servicers from going under
Morningstar· 4 days agoU.S. regulators are calling on Congress to introduce a new industry-financed fund to support mortgage-loan servicers as they weather a drought in demand due to high mortgage rates. Financial ...