As I observe Housing and Urban Development (HUD) Secretary Fudge staffing out her management teams, a large hole remains unfilled. In fact, this hole has not been filled permanently in almost five years. The position is an important one, a fact that I know firsthand as the last permanent appointment to the role of president of Ginnie Mae.

Historically, many felt that delaying the appointment of the Ginnie Mae president carried little risk. This could not be farther from the truth given the importance of Ginnie Mae in the housing finance system.

The most salient Ginnie Mae responsibility is managing the government details ⇒

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