Former CFPB central criticized for blog posts joins Ginnie Mae

Ginnie Mae has hired Eric Blankenstein, a former domestic nominee during a Consumer Financial Protection Bureau who sparked debate over papers some-more than a decade ago in that he used a secular slur, sources said.

Blankenstein, a former CFPB process associate executive for organisation and enforcement, resigned from a CFPB in May.

Ginnie, a government-owned association that oversees a $2 trillion portfolio of mortgage-backed securities, did not immediately respond to a ask for comment.

Eric Blankenstein, conduct of CFPB enforcement

Eric Blankenstein, conduct of CFPB enforcement

CFPB

Blankenstein came underneath glow after The Washington Post first reported he had used a coop name in blog posts from 2004 suggesting that people who use secular slurs are not indispensably extremist and that many hatred crimes were “hoaxes.”

He worked during a CFPB for 18 months. Before that, Blankenstein had been an partner ubiquitous warn for 6 months during a Office of a United States Trade Representative. He formerly had been an associate during Williams Connolly for 8 years.

Ginnie is led by Acting President Maren Kasper, a Trump domestic nominee and former comparison White House adviser, who formerly had been an investment associate for a year during Dwell Finance, a multiplication of a fintech organisation B2R Finance.

Ginnie’s expansion has lifted concerns about how it is staffed to conduct risks. Ginnie’s roughly 130 employees manage 430 issuers, many of them nonbank debt lenders.

Last month, a Government Accountability Office lifted concerns about Ginnie’s staffing issues, including what it called a “heavy faith on contractors” and a singular bill for in-house staff.

Article source: http://www.nationalmortgagenews.com/news/former-cfpb-official-criticized-for-blog-posts-joins-ginnie-mae

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