The


Housing
Policy
Council
(HPC)
announced
on
Wednesday
that
it
has
appointed
Michael
Drayne
as
its
new
senior
vice
president
of
capital
markets,
effective
July
1.

Drayne
has
three
decades
of
capital
markets
experience.
He
served
from
2011
to
2023
in
various
roles
at
government-owned
company


Ginnie
Mae,
where
he
helped
to
manage
different
elements
of
the

mortgage-backed
securities
(MBS)
programs.
He
most
recently
served
the
company
as
senior
vice
president
of
strategic
planning
and
policy,
stepping
down
last
year
to
serve
as
a
private
consultant.

From
2012
to
2019,
Drayne
served
Ginnie
Mae
as
SVP
in
the
office
of
issuer
and
portfolio
management.
During
this
time,
Drayne
was
elevated
to
the
role
of
acting
executive
vice
president
to
oversee
all
company
operations
following
the

abrupt
resignation
of
former
EVP
and
chief
operating
officer
Maren
Kasper,
who
herself
assumed
the
leadership
role
after
the

similarly
suddent
resignation
of
former
EVP
and
COO

Michael
Bright.

According
to
the
HPC,
Drayne
will
serve
the
organization
to
advance
its
policy
and
advocacy
work,
with
a
focus
on
mortgage-backed
securitization
and
capital
markets
along
with
technology
and

cybersecurity
issues
that
face
the
housing
finance
sector.

“We
are
excited
for
Michael
to
join
the
team,”
HPC
President
Ed
DeMarco
said
in
a
statement.
“His
outstanding
background
leading
policy
and
capital
markets
work
at
Ginnie
Mae
and
his
two
plus
decades
working
within
mortgage
banking
institutions
make
him
an
ideal
addition
to
our
team.

“Michael
will
be
a
key
player
in
HPC’s
efforts
to
identify
and
promote
policies
that
contribute
to
the
type
of
sound
risk
management
practices
that
can
support
the
reliable
flow
of
cash
into
our
housing
finance
system.”

Drayne
helped
to
coordinate
the
federal
capital
markets
response
to
the
COVID-19
pandemic
between
2020
and
2023,
and
for
his
first
seven
years
at
Ginnie
Mae,
assisted
in
the
development
of
policy
and
relationships
with
MBS
program
participants.
He
also
oversaw
MBS
participants
through
enforcement
actions
and
helped
to
manage
interagency
relationships.

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