Michael Drayne, a former senior vp at Ginnie Mae, will succeed the late Mike Gill as SVP of capital markets on the Housing Coverage Council subsequent month.
Along with serving to HPC with advocacy and coverage efforts round secondary market considerations, Drayne will work with issues involving programs and defending them from digital vulnerabilities, in keeping with the council.
HPC President Ed DeMarco stated in a press launch that Drayne’s “coverage and capital markets work at Ginnie Mae and his two-plus a long time working inside mortgage banking establishments make him a really perfect addition.”
“Michael will likely be a key participant in HPC’s efforts to determine and promote insurance policies that contribute to the kind of sound danger administration practices that may assist the dependable stream of money into our housing finance system,” DeMarco added.
Drayne labored for Ginnie Mae, a guarantor of securitized mortgages that different authorities companies again on the mortgage degree, between 2011 and Could 2023.
He began his time at Ginnie within the single-family division’s workplace of mortgage-backed securities. Simply previous to the pandemic, he grew to become Ginnie’s SVP of strategic planning and coverage.
Since leaving the Division of Housing and City Growth company, he has operated his personal consultancy, Drayne Advisory LLC. Drayne Advisory markets providers to shoppers who search to make use of new methods involving authorities MBS or who’ve been concerned in housing-finance system modernization.
Previous to becoming a member of Ginnie, Drayne was a managing director at American House Financial institution Reverse, SVP at Better Atlantic Mortgage Corp. and a vp/director of secondary advertising at Chevy Chase Financial institution.