CSBS Welcomes Coordination with Ginnie Mae
Washington, D.C. — Statement from Chuck Cross, CSBS SVP of nonbank supervision, on the Ginnie Mae RFI deadline extension:
“We welcome the opportunity to work with Ginnie Mae as it develops financial requirements for nonbanks that service mortgages in Ginnie Mae mortgage-backed securities. Coordination between state and federal requirements in this area can help to ensure market stability and orderly implementation for industry.”
For more information on CSBS visit www.csbs.org.
Media Contact: Laura Fisher, 202-812-9813, [email protected]
The Conference of State Bank Supervisors (CSBS) is the national organization of bank regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands. State regulators supervise roughly three-quarters of all U.S. banks and a variety of non-depository financial services. CSBS, on behalf of state regulators, also operates the Nationwide Multistate Licensing System to license and register non-depository financial service providers in the mortgage, money services businesses, consumer finance and debt industries.
Subscribe to CSBS
Stay up to date with the CSBS newsletter