On May 15, the Trump Administration announced its nomination of Michael Bright to serve as the President of the Government National Mortgage Association (Ginnie Mae). Bright is currently Acting President, Executive Vice President, and Chief Operating Officer of Ginnie Mae and has been with the organization since July 2017. Prior to joining Ginnie Mae, Bright served as a senior financial policy advisor to Senate Banking Committee member Bob Corker (R-TN) when Corker was drafting and working on the Corker-Warner GSE reform bill. Bright also worked at the Milken Institute, BlackRock, the Office of the Comptroller of Currency, and other mortgage companies.
Bright has participated in NCSHA conferences in the past, including the most recent HFA Institute. NCSHA met with Bright last year after he began work at Ginnie Mae.
We expect the Senate Banking Committee to hold a nomination hearing for Bright soon, but it has not yet scheduled the hearing.