Maren Kasper leaving Ginnie Mae to take private sector job

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Maren Kasper, who has led Ginnie Mae in the absence of a permanent president, is leaving the agency on Oct. 18 to pursue an opportunity in the private sector.

Kasper took over the top spot in January, when then-acting President Michael Bright left Ginnie Mae to become CEO of the Structured Finance Industry Group. Bright had been nominated by President Trump to be the full-time head of Ginnie Mae, a post which has been vacant since Ted Tozer resigned on Jan. 20, 2017. That was the date of President Trump's inauguration and also the same day Kasper started with Ginnie Mae.

Kasper's current title is executive vice president and chief operating officer.

The Ginnie Mae press release did not specify Kasper's new job.

"It's been an honor and a privilege to serve you and this Administration since joining the Department on Jan. 20, 2017," Kasper wrote in her resignation letter. "I am proud of all that we have accomplished over the last three years. Our efforts under the Ginnie Mae 2020 strategic plan have protected taxpayers, continued to evolve the Ginnie Mae platform for the future, and improved the performance of the Ginnie Mae security, all to the benefit of American homeowners."

The Department of Housing and Urban Development said that Seth D. Appleton, assistant secretary for policy development and research, will concurrently serve as Ginnie Mae's principal executive vice president. Appleton joined HUD in July 2017.

Additionally, Michael Drayne will assume the role of acting executive vice president. Currently, Drayne is senior vice president for strategic planning and policy. Drayne joined Ginnie Mae in March 2011.

There are rumors that President Trump will appoint Joseph Murin to the Ginnie Mae presidency. Murin previously held the role under Presidents George W. Bush and Barack Obama.

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