Alanna McCargo Confirmed as Ginnie Mae President

The U.S. Senate confirmed Alanna McCargo Dec. 14, by voice vote, as president of Ginnie Mae.

The position has been unfilled on a permanent basis since 2017. Ginnie Mae, which is part of the Department of Housing and Urban Development, oversees guarantees totaling around $2.1 trillion of privately issued mortgage-backed securities, according to Ginnie Mae’s most recent unpaid principal balance report.

Before McCargo joined the Department of Housing and Urban Development as a senior advisor for housing finance in January, she spent five years at the Urban Institute as vice president of its Housing Finance Policy Center. Prior to that, she held roles at CoreLogic and JPMorgan Chase, and spent nearly 10 years at Fannie Mae.

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