December 19, 2025 USMI Statement on Senate Confirmation of FHA Commissioner, Ginnie Mae President, and FDIC Chairman

December 19, 2025

WASHINGTON - Seth Appleton, President of U.S. Mortgage Insurers (USMI), released the following statement regarding the Senate confirmation of Frank Cassidy as Federal Housing Administration (FHA) Commissioner, Joseph Gormley as President of the Government National Mortgage Association (Ginnie Mae), and Travis Hill as Chairman of the Board of Directors for the Federal Deposit Insurance Corporation (FDIC) by a vote of 53-43:

"USMI congratulates Frank Cassidy on his confirmation to serve as Assistant Secretary of Housing and Federal Housing Commissioner. Mr. Cassidy brings extensive experience in real estate and housing finance, and we look forward to working with him in this new role in support of mortgage financing that is affordable, accessible, and sustainable for working class families across the country while at the same time promoting safety and soundness in the U.S. housing finance system."

"USMI further congratulates Joseph Gormley on his confirmation as President of Ginnie Mae, and Travis Hill on his confirmation as Chairman of the FDIC Board of Directors. We look forward to working with Mr. Gormley to promote a safe, sound, and liquid housing finance system, and with Mr. Hill to make prudent updates to bank capital rules that balance access to mortgage credit for low down payment homebuyers with a financially stable housing finance system."

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U.S. Mortgage Insurers (USMI) is dedicated to a housing finance system backed by private capital that enables access to housing finance for borrowers while protecting taxpayers. Private mortgage insurance offers an effective way to make mortgage credit available to more people. USMI is ready to help build the future of homeownership. Learn more at www.usmi.org .