Michael Bright, President Donald Trump’s nominee to become Ginnie Mae’s first president in more than two years, has withdrawn his name from consideration and announced his intention to leave the government-owned securitizer to become CEO of the Structured Finance Industry Group.
In his new leadership role, Bright will oversee an organization with policy priorities focused on secondary market reform, financial accounting, marketplace lending, mortgage loan level disclosure rules, regulatory capital and liquidity and the Volcker Rule.
Find out more details about Bright’s decision and what it means for Ginnie Mae.