Soaring Role of Nonbanks in Ginnie Mae MBS Market Poses Risks, Brookings Report Says
March 15, 2018
The significant gains of nonbank mortgage lenders in the government-backed mortgage market suggests that nonbank failures could be quite costly to the government and taxpayers, according to a paper authored by three Federal Reserve Board economists and two university researchers.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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