Recently, financial regulators have become concerned that nonbank mortgage originators and servicers would do poorly in a financial crisis. [1] They aren’t on the hook for the risk of nonpayment, but they are for other risks, it seems? Apparently they are worried about supply chain disruption resulting in fewer mortgages.
The risks section of Rocket Mortgage’s annual report has some possibly useful descriptions, but I don’t have the background to put them into context.
The risks section of Rocket Mortgage’s annual report has some possibly useful descriptions, but I don’t have the background to put them into context.
[1] https://www.cnn.com/2024/05/13/economy/mortgage-company-risk...