The Conference of State Bank Supervisors (CSBS)


What is the purpose of the Conference of State Bank Supervisors (CSBS)?


The Conference of State Bank Supervisors (CSBS) develops guidance to address risks associated with the growing use of mortgage products that allow borrowers to defer prinicipal, and, sometimes, interest.

CSBS is concerned that some borrowers may not fully understand the risks associated with products. While many of these risks exists in other adjustable rate mortgage products, the concern of the CSBS is elevated with nontraditional mortgage products because of the lack of principal amortization and potential for negative amortization. In addition, providers are increasingly combining these loans with other features that may compound risk.

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