FDIC chair: Risk has shifted from banks to mortgage servicers

Reposted from 10.24.18 Yahoo Finance article:

“One of the nation’s top bank regulators says the banking system is safe, but worries about risks at non-bank financial institutions, particularly mortgage servicers. The remarks from Federal Deposit Insurance Corp. Chair Jelena McWilliams come days after regulators freed the last “too big to fail” non-bank from extra regulation…”