CSBS is a professional trade association that acts to enhance and defend the dual-banking process, and more specifically to enhance and defend the passions of properly regulated state-chartered bankers.
Continuing knowledge and executive programs that are designed for senior-level government bodies, state banking department direction, and area specialists help ensure a high level of professionalism. CSBS knowledge programs cover areas which include management, emerging issues, safety and soundness regulation, trust, law, and technology. The programs are targeted to state banking department personnel but participants from the banking industry may show up at selected programs.
NMLS
In reaction to the increased volume and number of residential mortgage originators, and the need to address these changes using modern tools and experts, in 2004 CSBS together with AARMR created the Across the country Mortgage Licensing System (NMLS). It's owned and operated with the State Regulatory Registry LLC (SRR), a wholly owned subsidiary involving CSBS. SRR is governed by a six-member Board of Managers comprised of state banking commissioners in addition to a representative of AARMR. S.
By providing a centralized and standardised system for mortgage licensing, NMLS streamlines the licensing approach for both regulatory agencies and the mortgage industry. The difference between principal and secondary markets is actually that secondary markets buy the property market loans from from coast to coast as investments, whereas primary markets usually are local in nature, with local lenders, making local loans. Secondary mortgage markets were originally established by way of the federal government in an attempt to moderate local real residence cycles.
110-289) was a good idea, it will help a wide-cross section of Americans in so many ways (I translated it from Lawmaker/legislator into English over a 3 week period in my Blog during August just in case you don't want to read the seven inch stack of paper containing most of the words in that laws); it enabled the next take-over (and some sort of $200 Billion 'cash injection') of Fannie & Freddie that's long overdue (gotta straighten them out, they both been plagued with scandal and 'looting from within' for a decade), and THAT maintain CEO's of Fannie & Freddie from leaving using Big severance packages (they tried to get out of town with $25 Million, but 110-289 stopped which).
Because of the heavy risk AIG comes with in insuring-backing many house loan instruments (CDO's, MBS, etc.), they would have produced a much bigger mess within our economy had they been unsuccessful, they were/are too crucial for you to fail (plus the many Government did was make sure they are a BIG [well secured/ collateralized] financial loan). Given what's been happening inside credit markets, all of this was necessary
If you're on the origination/production side of the residential real estate house loan lending industry yourself, you would likely know the sort of an individual who can help with this particular mess.
The single biggest issue facing that Treasury Secretary and the many that will vote to make his proposal (as modified) into Law over the next few days is... HOW to cost those TOXIC assets.