Mortgage Bankers Association
08/03/2025 | Press release | Distributed by Public on 08/03/2025 07:45
MBA Supports Nomination of Joe Gormley to Be Ginnie Mae President
WASHINGTON, D.C. (August 3 2025) - MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the nomination of Joe Gormley to serve as President of Ginnie Mae:
"Joe Gormley is an outstanding choice to serve as the next Ginnie Mae President.
"MBA overwhelmingly supports his nomination and believes his deep experience in housing finance policy, including in senior roles at Ginnie Mae, the Department of Housing and Urban Development, and MBA, make him well-qualified to lead the agency's mission of ensuring mortgage market liquidity, sustainability, and affordability.
"We will work with Joe Gormley, HUD Secretary Scott Turner, and their staffs on policies and initiatives that modernize the agency's technology to improve overall issuer experience, increase liquidity for Ginnie Mae mortgage-backed securities, promote affordable homeownership and rental housing, and bring more private capital to the housing finance system."
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