#MBAIMB20: Managing Change in 2020

NEW ORLEANS—Independent mortgage bankers face a lot of challenges this year: market uncertainty, new entrants and housing policy changes. But industry leaders also see a wealth of opportunities.

Stanley C. Middleman: Are Non-banks Really a Systemic Risk?

The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?