Capital Requirements for Non-Bank Mortgage Companies

13 Pages Posted: 9 Jun 2014  

Richard Christopher Whalen

Economic Advisory Committee of FINRA; Indiana State University - Networks Financial Institute; Association of Private Enterprise Education (APEE); National Association of Business Economists (NABE)

Marjan Riggi

Kroll Bond Rating Agency

Date Written: May 28, 2014

Abstract

Federal and state regulators are currently considering the imposition of capital requirements and other prudential rules on various classes of non-bank financial institutions, including insurers and mortgage servicers. This report examines some of the issues involving non-bank financial companies with a focus on non-bank loan mortgage originators and/or servicers (“seller/servicers”) in the context of the evolving discussion among regulators and researchers toward developing “appropriate” regulation and supervision like that traditionally applied to insured depository institutions (IDIs).

Keywords: Capital Requirements, Non-bank, Mortgage Servicer, Lender, True Sale, Fraud

JEL Classification: G18, G21, G38, K23, K22, L50, L51, N20

Suggested Citation

Whalen, Richard Christopher and Riggi, Marjan, Capital Requirements for Non-Bank Mortgage Companies (May 28, 2014). Available at SSRN: https://ssrn.com/abstract=2447287 or http://dx.doi.org/10.2139/ssrn.2447287

Richard Christopher Whalen (Contact Author)

Economic Advisory Committee of FINRA ( email )

1735 K Street NW
Washington, DC 20006
United States

HOME PAGE: http://tinyurl.com/2bne6p

Indiana State University - Networks Financial Institute ( email )

Terre Haute, IN 47809
United States

HOME PAGE: http://tinyurl.com/4ckcoxo

Association of Private Enterprise Education (APEE) ( email )

313 Fletcher Hall, Dept. 6106
615 McCallie Avenue
Chattanooga, TN 37403-2598
United States

HOME PAGE: http://https://www.apee.org/

National Association of Business Economists (NABE) ( email )

1920 L St. NW, Suite 300
Washington, DC 20036
United States

HOME PAGE: http://www.nabe.com

Marjan Riggi

Kroll Bond Rating Agency ( email )

845 Third Avenue
Fourth Floor
New York, NY 10022
United States

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