![](https://investorshub.advfn.com/uicon/61596.png?cb=1666193909)
Wednesday, July 25, 2018 6:41:31 AM
By Hannah Lang Published
July 24 2018, 2:59pm EDT
WASHINGTON — President Trump’s nominee to head Ginnie Mae appeared to distance himself Tuesday from a 2016 paper he co-wrote on reforming the housing finance system, telling senators that he “hasn’t thought about that paper in two years.”
Michael Bright, now Ginnie Mae's acting president and CEO, drafted the paper with former Federal Housing Finance Agency acting Director Ed DeMarco when both were fellows at the Milken Institute. It proposed placing Fannie Mae and Freddie Mac in receivership, and establishing Ginnie Mae, as a standalone entity separate from the Department of Housing and Urban Development, to provide a backstop for mortgage-backed securities.
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM