Ginnie Mae Executive Vice President Bright Steps Down

HUD announced Ginnie Mae’s executive vice president and chief operations officer Michael Bright will be stepping down on January 16 and has requested that his nomination for president of Ginne Mae be withdrawn. Maren Kasper, current executive vice president of Ginnie Mae, will serve as the acting president upon Bright’s departure. Bright has been hired as CEO of the Structured Finance Industry Group, a trade association for businesses that work in mortgage-backed securities and other forms of debt.