I am very happy to see Joe Gormley take the helm at Ginnie Mae as Executive Vice President and Chief Operating Officer... His leadership will bring stability and strength to this segment of the housing market.
"In part one of this interview, Valverde spoke about the work being done at Ginnie Mae and the FHA to bolster the HECM program. This follows in the wake of liquidity concerns created by the collapse of a major lender in the space two years ago. Even with all this great work from FHA, it was clear more needed to be done, he said."