Senate Approves Alanna McCargo as Ginnie Mae President

The Senate approved Alanna McCargo as president of Ginnie Mae by a voice vote on December 14. McCargo’s career in housing spans decades and has centered on how America’s housing finance system can equitably provide credit and capital to households and affordable housing stakeholders. She joined the Biden-Harris administration after serving as vice president of the Housing Finance Policy Center at the Urban Institute, a social and economic policy research firm where she led and developed research programming in collaboration with key housing industry, nonprofit and government agencies to support housing policy research. McCargo also served as executive director of the Mortgage Servicing Collaborative, a cross-sector initiative that identified and developed policy recommendations for mortgage servicing and securitization reforms to enable a more stable housing finance system.