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 staff and deputy secretary at HUD. He also previously worked as a deputy assistant secretary at the Federal Housing Administration (FHA).

Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA), released a statement praising Gormley’s nomination.

“Joe Gormley is an outstanding choice to serve as the next Ginnie Mae President. MBA overwhelmingly supports his nomination and believes his deep experience in housing finance policy, including in senior roles at Ginnie Mae, the Department of Housing and Urban Development, and MBA, make him well-qualified to lead the agency’s mission of ensuring mortgage market liquidity, sustainability, and affordability,” Broeksmit said.

“We will work with Joe Gormley, HUD Secretary Scott Turner, and their staffs on policies and initiatives that modernize the agency’s technology to improve overall issuer experience, increase liquidity for Ginnie Mae mortgage-backed securities, promote affordable homeownership and rental housing, and bring more private capital to the housing finance system.”

David Dworkin, president and CEO of the National Housing Conference (NHC), extended support regarding Gormley’s nomination.

“The National Housing Conference proudly supports the nomination of Joseph Gormley as President of Ginnie Mae. Mr. Gormley brings over two decades of distinguished leadership and expertise in housing finance and public policy, with a proven record of advancing innovative programs and reforms. Since April 2025, he has served effectively as Executive Vice President and Chief Operating Officer at Ginnie Mae, demonstrating his leadership during a period of substantial change. His tenure at the Department of Housing and Urban Development and the Federal Housing Administration underscores his deep understanding of the complexities and opportunities within the U.S. housing system and commitment to affordable housing. Mr. Gormley is exceptionally well-equipped to guide Ginnie Mae forward. I look forward to collaborating with him to expand access to affordable housing and to strengthening the nation’s housing finance system.”

The Community Home Lenders of America (CHLA) also issued a statement of support on Monday.

“Joe is an excellent choice to lead the agency, bringing a strong blend of private sector mortgage experience and public service,” the association said. “His prior work at the Federal Housing Administration (FHA), combined with his deep knowledge of housing finance from his time in the industry, make him uniquely qualified to lead Ginnie Mae.  We are confident that his leadership will strengthen Ginnie Mae and support its vital role in sustaining liquidity for government-insured loan programs.”

Editor’s note: This story was updated with comments from the CHLA and NHC.

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