The Institutional Risk Analyst

New York | In this issue of The Institutional Risk Analyst, we speak to Michael Bright, President and CEO of the Structured Finance Industry Group (SFIG). Prior to joining SFIG, Michael was the EVP and Chief Operating Officer of the Government National Mortgage Association, or Ginnie Mae. As COO he managed all operations for Ginnie Mae’s $2.0 trillion portfolio of mortgage-backed securities. Before joining Ginnie Mae, Michael was a director at the Milken Institute’s Center

New York | Reading the financial press over long holidays in essential. In the days immediately before or after a holiday, there are inevitably important news items that will be missed. Exhibit 1 is the festering situation in the world of non-bank mortgage finance, where a combination of excessive regulation and interest rate manipulation by the Federal Open Market Committee has set the industry on a collision course with reality in 2019. Eddie Small at The Real Deal in New