Fannie Mae-No Politics (FNMA)

[bcde]

"“Quite frankly, we’ve been studying this issue way before COVID and had concerns about some of these nonbank servicers not being well-capitalized, but we’re going to make sure that the market functions properly,” Mnuchin said Monday at the White House during a press briefing."

How is that some of the nonbank servicers are not well-capitalized?

FHFA Director Calabria needs to explain to why he has allowed these servicers to operate without adequate capital and explain why these service providers are blaming him.