US Regulators Advocate for New Fund to Protect Mortgage Servicers

Friday, 10 May 2024, 20:31
US regulators are urging Congress to establish an industry-funded fund to assist mortgage-loan servicers facing reduced demand caused by high mortgage rates. This initiative aims to prevent potential financial instability in the mortgage servicing sector and ensure the smooth functioning of the housing market.
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US Regulators Advocate for New Fund to Protect Mortgage Servicers

US Regulators' Proposal for Mortgage Servicers

U.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.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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