WASHINGTON, DC – This week, Ginnie Mae President Alanna McCargo participated in her first public engagement since being confirmed at the National Association of Hispanic Real Estate Professionals (NAHREP) National Policy Conference in Washington. McCargo covered a range of topics and spoke about the equity order that President Biden and Secretary Fudge have centered federal agencies around. One theme she hit was her vision for Ginnie Mae to have leadership and staff who look like and understand the communities that we ultimately serve, and to make access to liquidity possible for smaller underserved community-based players.
During her remarks, Alanna announced the appointment of Ginnie Mae’s first Latino Executive Vice President, Sam Valverde. Valverde was sworn in while McCargo was delivering her speech, and the news was met with an ovation by the NAHREP attendees. “We must have leaders that look like and understand the communities we ultimately serve,” McCargo said.
Ginnie Mae is expanding its leadership team with the appointments of Valverde as Executive Vice President and Felecia Rotellini as Senior Advisor and Chief of Staff to the President.
“Sam and Felecia are great complements to our executive leadership team and will be integral to the organization as we advance our strategic roadmap and strengthen our service to the nation’s diverse housing market,” said Ginnie Mae President Alanna McCargo. “I am thrilled to have their counsel and support as we work with all of our stakeholders to create broader and more equitable access to affordable homeownership and rental housing.”
Valverde was most recently Supervisory Attorney Advisor at the Federal Housing Finance Agency (FHFA) in the Division of Conservatorship Oversight and Readiness. In that role, he led agency-wide projects intended to support greater access to mortgage credit and affordable rental opportunities for working families. He coordinated efforts to develop a post-conservatorship regulatory framework for the government-sponsored enterprises. Prior to his service at FHFA, Valverde served as a Counselor for Domestic Finance at the U.S. Treasury Department, focusing on consumer and housing finance issues.
Rotellini brings to Ginnie Mae a deep background in corporate governance, regulation, compliance, and enforcement. She has bank supervisory and financial services expertise, as well as consumer protection experience in the subprime credit markets. As a former leader in financial services compliance and supervision, her experience in building diverse coalitions will help advance the public and stakeholder engagement strategy for Ginnie Mae.
About Ginnie Mae
Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.