‘Nonbank SIFI Designations Would be Ill-Suited for Servicers’

National Mortgage News, July 21, 2023–Bonnie Sinnock (subscription)
Mortgage and housing trade groups this week pushed back against a Financial Stability Oversight Council proposal aimed at reverting its review process to one in which it would be easier to designate nonbank servicers and others as systemically-important financial institutions.Nonbank SIFI designations would be ill-suited for servicers’