Ginnie Mae has appointed Joseph M. Gormley as executive vice president and chief operating officer.
In his new job, Gormley will lead Ginnie Mae’s strategic initiatives, operational functions, and risk management efforts. Gormley previously held several senior roles at the US Department of Housing and Urban Development, including deputy assistant secretary for single-family housing at the Federal Housing Administration and chief of staff to the deputy secretary. Earlier in his career, he was assistant vice president and regulatory counsel at the Independent Community Bankers of America.
“I am honored to join Ginnie Mae and contribute to its important mission,” said Gormley. “I look forward to working with the dedicated team at the agency to strengthen and enhance the role of the MBS program in serving homeowners and renters across the country.”
