The regulatory language — years in the making and prompted by the growing market share of nonbank servicers — addresses capital, liquidity, stress testing and risk management among other things.
Mike Fratantoni, chief economist at the MBA, said the increase is linked to the rise in COVID-19 infections, a disease that continues to whipsaw the economy.
It was that kind of year in 2020: chatter about fat checks for CEO/proprietors. Some may have earned more than the nation’s top athletes but probably less than Oprah.
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