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Sam Valverde announced his resignation as acting president of Ginnie Mae, effective Nov. 30.

Valverde served as acting president since May, previously holding the roles of principal executive vice president and chief operating officer after joining the agency in March 2022. He was previously a supervisory attorney advisor at the Federal Housing Finance Agency in the Division of Conservatorship Oversight and Readiness. Earlier in his career, he was a counselor for domestic finance at the U.S. Department of the Treasury, focusing on housing and consumer finance issues.

Senior Vice President and Chief Risk Officer Gregory Keith will assume the responsibilities of president at Ginnie Mae.

“I would like to thank Acting President Sam Valverde for his innovative leadership at Ginnie Mae and years of public service,” said HUD Acting Secretary Adrianne Todman. “Mr. Valverde’s tenure has been ground-breaking and has set the foundation for a people-first philosophy in Ginnie Mae’s crucial mission to support affordable housing for people across the nation.”

Booking.com

Photo courtesy of Ginnie Mae

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