The Consumer Financial Protection Bureau has reportedly hired former Ginnie Mae Director of Mortgage-Backed Securities Monitoring Division, Christopher Haspel, to served as a “senior” official, according to National Mortgage News.
National Mortgage News cites confirmation from “officials familiar with the matter,” but does not confirm a specific position within the CFPB. Haspel is expected to begin in his new role on June 20, according to the report.
Haspel formerly served as director of Ginnie Mae’s monitoring division, overseeing servicing and securitization, and formerly held numerous positions in financial services companies.
The CFPB, still without a director and still scheduled to go into effect on July 21 under Dodd-Frank, is tasked with completing a report on the HECM program within a year of its launch, and will oversee several aspects of lending and mortgage practices relating to consumer protections.
Read the National Mortgage News article.
Written by Elizabeth Ecker