Mortgage Firms Teeter Near Crisis that Regulators Saw Coming

Bloomberg, Apr. 3, 2020–Joe Light
Nonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing that their emerging dominance in mortgage lending didn’t pose a risk to the financial system. Now, many of those companies say they are in desperate need of a bailout to stave off bankruptcy and a potential collapse of the U.S. housing market.