Ginnie Mae, the government-owned corporation within the U.S. Department of Housing and Urban Development (HUD) that provides funding for many U.S. mortgages, now has a nominee to fill its long-vacant president’s role.

Over the weekend, the Senate received Joseph Gormley’s nomination to lead Ginnie Mae and forwarded it to the committee on banking, housing and urban affairs.

Gormley has served as the corporation’s executive vice president and chief operating officer since April. If he’s confirmed, Ginnie Mae would have its first permanent president since Alanna McCargo, who departed in May 2024.

His past roles include serving as chief of details ⇒

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