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Systemic Risk, Real or Imagined

Washington | Last week, we released a paper rebutting the 2019 report by the Financial Stability Oversight Council (FSOC), which claims rather incredibly that nonbank mortgage servicing companies could pose a “systemic risk” to the markets and the US economy. The FSOC report singles out potential risks arising from nonbanks servicing defaulted mortgages and also risk to banks providing loans to finance these activities.

Do Nonbank Mortgage Companies

Pose Systemic Risk to the US Economy?