Joseph M. Gormley is the new executive vice president (EVP) and chief operating officer (COO) at Ginnie Mae.
Gormley has extensive experience in housing policy and financial services. His track record demonstrates his housing finance expertise and commitment to public service. In a prior stint in federal government service, he held several senior roles at the U.S. Department of Housing and Urban Development, including deputy assistant secretary for single family housing at the Federal Housing Administration (FHA) and chief of staff to the deputy secretary.
Beyond his service at HUD, Gormley held roles at the Independent Community Bankers of America (ICBA) as assistant vice president and regulatory counsel, as well as at the Mortgage Bankers Association and the Financial Industry Regulatory Authority.
In his new role, Gormley will oversee Ginnie Mae’s mission to support stability in the nation’s housing markets. He will lead Ginnie Mae’s strategic initiatives, operational functions, and risk-management efforts, ensuring that the organization remains focused so that its programs are delivered efficiently, responsibly, and sustainably.
“I am very happy to see Joe Gormley take the helm at Ginnie Mae as executive vice president and chief operating officer,” says Scott Turner, secretary of HUD, in a release. “With Ginnie Mae’s central role in mortgage financing, his leadership will bring stability and strength to this segment of the housing market.”