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GAO: Nonbank servicers not properly regulated
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Financial Stability, Nonbank Financial
Tuesday, April 12, 2016
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The Government Accountability Office has found that the share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 percent in 2015. Although this growth has increased the capacity for servicing delinquent loans, certain challenges remain. Read on to learn more.
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