Former Ginnie Mae executive joins Housing Policy Council

Michael Drayne, a former senior vice president at Ginnie Mae, will succeed the late Mike Gill as SVP of capital markets at the Housing Policy Council next month.

In addition to helping HPC with advocacy and policy efforts around secondary market concerns, Drayne will work with matters involving systems and protecting them from digital vulnerabilities, according to the council.

HPC President Ed DeMarco said in a press release that Drayne's "policy and capital markets work at Ginnie Mae and his two-plus decades working within mortgage banking institutions make him an ideal addition."

"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," DeMarco added.

Drayne worked for Ginnie Mae, a guarantor of securitized mortgages that other government agencies back at the loan level, between 2011 and May 2023.

He started his time at Ginnie in the single-family division's office of mortgage-backed securities. Just prior to the pandemic, he became Ginnie's SVP of strategic planning and policy.

Since leaving the Department of Housing and Urban Development agency, he has operated his own consultancy, Drayne Advisory LLC. Drayne Advisory markets services to clients who seek to employ new strategies involving government MBS or who have been involved in housing-finance system modernization.

Prior to joining Ginnie, Drayne was a managing director at American Home Bank Reverse, SVP at Greater Atlantic Mortgage Corp. and a vice president/director of secondary marketing at Chevy Chase Bank.