As it approached one year since Ginnie Mae President Ted Tozer left the agency, the Department of Housing and Urban Development (HUD) moved to create a stable leadership framework as it awaits a replacement.
HUD Secretary Ben Carson published two rules in the Federal Register on Jan. 18 which delegated authority at Ginnie Mae to both the president and to the executive vice president/chief operations officer – who currently is acting president Michael Bright.
Read on to find more about the move and the succession line in the absence of a Senate-confirmed president.
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