The liquid assets required of nonbank seller/servicers will rise from 3.5 basis points to 4.0 bps for the unpaid principal balance of their enterprise servicing.
Most of the decline in bank GSE servicing was recorded at Wells Fargo, Chase and Bank of America. Big nonbank gainers included NewRez, Quick-en, Matrix Financial and PennyMac. (Includes two data charts.)
One of the key jobs of the Financial Stability Oversight Council is to make suggestions and recommendations to regulators to avoid SIFI designations, the FHFA director said.