Author: admin

Contact: GinnieMaeCommunications@HUD.gov

WASHINGTON, D.C.— The United States Senate has confirmed Joseph Gormley as President of Ginnie Mae National Mortgage Association (Ginne Mae). Gormley previously served as Ginnie Mae’s Executive Vice President (EVP) and Chief Operating Officer (COO) since April 2025. As part of the Department of Housing and Urban Development (HUD), Ginne Mae ensures liquidity for housing programs that serve first-time homebuyers, low- and moderate-income borrowers, rural home borrowers, tribal home borrowers and veteran home borrowers across the country.

“I’m delighted at Joe’s confirmation,” said HUD Secretary Scott Turner. “His continued leadership at the helm of Ginnie Mae along with his deep expertise will be invaluable as we work to support affordable housing opportunities and economic revitalization across the country.”

“I am grateful for the trust that President Trump and Secretary Turner have placed in me,” said Gormley. “I look forward to continuing to deliver on Ginnie Mae’s mission to help more Americans realize the dream of homeownership.”  

As President, Gormley will lead the agency’s mission to connect the U.S. housing market with global capital markets, helping to provide low-cost financing for federal housing programs and make affordable housing more accessible to millions of Americans. He brings considerable experience in housing finance, policy, and regulation, and has consistently championed market-based solutions to expanding affordable homeownership and improving economic outcomes for families nationwide.

Prior to joining Ginnie Mae, Gormley served in several senior roles at HUD, including Deputy Assistant Secretary for Single Family Housing at the Federal Housing Administration and Chief of Staff to the Deputy Secretary. Beyond HUD, he held roles at the Independent Community Bankers of America, as well as at the Mortgage Bankers Association and the Financial Industry Regulatory Authority.

As EVP and COO, Gormley led Ginnie Mae’s strategic initiatives, core operations, and risk-management efforts, strengthening the organization’s ability to deliver its programs effectively and responsibly.  

Gormley’s confirmation reinforces the Trump administration’s focus on Ginnie Mae ensuring a stable and resilient housing finance system. His experience and vision will be integral in advancing the agency’s mission to provide stability and affordability nationwide. 

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