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National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., has announced that Michael J. Dirrane, senior managing director and chief sales officer of National MI, has been appointed chairman of MassHousing, a Boston-based affordable housing agency. Massachusetts Gov. Charlie Baker made the appointment.
Dirrane leads the nine-member volunteer board that governs MassHousing, which has provided more than $20 billion for affordable housing over five decades.
"We are pleased that Mike has achieved this recognition again," said Bradley Shuster, chief executive officer of National MI. "Mike's leadership skills and his vast knowledge of the mortgage industry are a credit to MassHousing, as well as to National MI. We commend him for this recognition."
Dirrane is the longest-serving board member in the agency's 50-year history. At the completion of Dirrane's new seven-year term, he will have served for 30 years, including 21 years as chairman.
"I'm honored that Governor Baker has once again appointed me to lead one of the top housing agencies in the country," Dirrane said. “I look forward to our work advancing MassHousing's core mission of providing affordable housing for low- and moderate-income residents across the state."