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Press Release​s​

Ginnie Mae Announces Key Executive Leadership Changes and Recruitment of EVP and COO
Published Date: 3/1/2023 2:15 PM

Washington, D.C. – Ginnie Mae is seeking an Executive Vice President and Chief Operating Officer (EVP and COO) to manage daily operations and serve as an integral part of the corporation’s leadership team.

Based in Washington, D.C., the EVP and COO role will transition back to a permanent, Federal career Senior Executive Service position. As the third member of Ginnie Mae’s senior leadership behind the President and the Principal Executive Vice President, the EVP and COO is responsible for managing Ginnie Mae's daily operations, including all mortgage-backed security operations, counterparty risk management, contracting, budget and legislative initiatives, and overall risk management of the organization through eight program offices, including the Office of the President.

“I am thrilled to announce the promotion of Sam Valverde to Principal Executive Vice President and have relied heavily on his expertise and leadership over the past year,” said Ginnie Mae President Alanna McCargo. “Sam and I are excited about strengthening this leadership team with a new EVP and COO who will be crucial to ensuring stability of Ginnie Mae’s securitization and housing finance operations into the future.”

Ginnie Mae wants to congratulate Sam Valverde, who recently served as EVP and COO, on his recent promotion to the role of Principal Executive Vice President.

Details on the Executive Vice President and Chief Operating Officer position and the recruitment process can be found here

Additional information about Ginnie Mae is available at and on Twitter, YouTube, Facebook, and LinkedIn​.

About Ginnie Mae

Ginnie Mae is an entirely government-owned corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae mortgage-backed security (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.