Regulators See Nonbank Mortgage Firms as Potential Risk to U.S. Financial System

Wall Street Journal, Dec. 4, 2019–Andrew Ackerman (subscription)
The Financial Stability Oversight Council, in a report released Wednesday, highlights mortgage companies as a potential vulnerability for the first time, Treasury officials said. The lenders, which aren’t regulated as closely as banks, originate and service a growing portion of U.S. home loans.