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Ginnie Mae COO to step down

Michael Bright is set to step down as executive vice president and COO of the Government National Mortgage Association on Jan. 16 and has requested his nomination for president of Ginnie Mae be withdrawn.

Bright joined Ginnie Mae in 2017. He will leave the government-owned corporation to become the president and CEO of Structured Finance Industry Group Inc., a trade industry group focused on improving and strengthening the broader structured finance and securitization markets, effective Jan. 21.

Bright will lead Structured Finance's education, policy and advocacy initiatives.

Maren Kasper, who joined Ginnie Mae in June 2017 and who currently serves as executive vice president, will serve as acting president of Ginnie Mae upon Bright's departure.