Finding someone to fill the position of senior vice president for the Office of Enterprise Data and Technology Solutions at Ginnie could be difficult given pay restrictions at the government agency.
The proposal provides banks an incentive to exit senior tranches of asset-backed securities in exchange for more junior and riskier tranches, according to the Securities Industry and Financial Markets Association.
Jonathan McKernan, a director at the FDIC, suggested slowing implementation of controversial provisions in a proposal on capital requirements for large banks.
Fannie Mae and Freddie Mac saw a combined 11.7% increase in securitization of high-balance loans that exceeded the national baseline limit of $726,200 for one-unit mortgages during the third quarter.