U.S. Non-Bank Mortgage Lenders Come Under Scrutiny

Financial Times, Apr. 9, 2019–Sam Fleming, Joe Rennison (subscription)
Ginnie Mae, a U.S. government agency that guarantees payments on $2 trillion of U.S. mortgage-backed securities, is advancing proposals that would require non-bank mortgage lenders to compile “living wills”–documents that dictate how to keep their operations running if they get into trouble.