The Financial Stability Oversight Council Wants to Establish a Fund That Mortgage Companies Could Tap for Liquidity 05/21/2024
The Financial Stability Oversight Council (FSOC) is proposing the creation of a fund to provide liquidity to mortgage companies during financial crises. This initiative aims to stabilize the housing market and ensure the availability of credit during economic downturns. The fund would act as a backstop, helping mortgage lenders manage cash flow issues and avoid the disruptions seen during the 2008 financial crisis. By bolstering the resilience of the mortgage sector, the FSOC seeks to protect homeowners and maintain confidence in the housing finance system.
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Expires:
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Author:
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Created:
May 20, 2024
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Edited:
May 20, 2024
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