Ginnie Mae President Alanna McCargo is resigning from her position at the government-owned company effective May 3, according to an announcement issued Friday by the U.S. Department of Housing and Urban Development (HUD).

Ginnie Mae principal executive vice president Sam Valverde will serve as acting president of the company upon her departure.

“The past 3.5 years in public service with the Biden-Harris administration has been the most important and fulfilling work of my 25-year career in housing finance and I am deeply grateful for the opportunity to serve my country and advance a bold housing agenda across the details ⇒

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