General World News

Senate banking committee advances nominees to lead FHA, Ginnie Mae

The top leadership positions at Ginnie Mae and the Federal Housing Administration (FHA) have been empty for most of the past year, but the long wait to fill the seats may soon come to an end.

On Wednesday, the Senate Committee on Banking, Housing and Urban Affairs advanced the nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as FHA commissioner to a full Senate vote.

The news drew a response from the Mortgage Bankers Association (MBA), which called for lawmakers to confirm Gormley and Cassidy quickly.

“Frank Cassidy’s deep expertise in real estate finance details ⇒

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