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Opinion: Unlocking the potential of the Pass-Through Assistance Program 

Sep 12, 2024By

The Financial Stability Oversight Council (FSOC) has recommended that Congress consider expanding PTAP into a robust “liquidity backstop” for mortgage servicers during periods of market stress. This move could stabilize servicers, provide necessary liquidity support, mitigate risks, preserve servicing rights, bolster small lenders, and enhance warehouse lender confidence. 

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