Alanna McCargo, who stepped down last week as president of the Government National Mortgage Association (Ginnie Mae), has been named president and CEO of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco).
McCargo will officially join the bank on June 10. She succeeds Teresa Bryce Bazemore, who will stay on through the end of June as executive vice president and senior advisor before transitioning to the role of consultant from July 1 through the end of August.
“We are very excited that Alanna is joining the Bank at this pivotal moment in time for us and our industry,” said Dan Siciliano, chairman of the bank’s board of directors. “Alanna is the type of transformative leader we need to continue the innovative and impactful programs the Bank has been delivering under the leadership of Teresa Bryce Bazemore, our current president and CEO. Alanna brings a wealth of hands-on experience from both the private and public sectors. Throughout her career she has demonstrated a passion for advancing national policy directed at solving this country’s affordable housing issues. She has been a strong advocate for closing both the racial homeownership and wealth gaps and has a deep understanding of the irreplaceable role the FHLBank System plays in maintaining the economic health of our financial system and strengthening the communities we serve.”
McCargo became Ginnie Mae’s 18th president and first female leader in December 2021. She was previously senior advisor for housing finance to former HUD Secretary Marcia Fudge.
Prior to joining the Biden administration, McCargo was vice president of the Housing Finance Policy Center at the Urban Institute. Earlier in her career, she was vice president and head of government solutions with CoreLogic and a vice president with JP Morgan Chase’s home lending division.
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