Ginnie Mae Welcomes Joseph M. Gormley as Executive Vice President and Chief Operating Officer
Industry Update
April 16, 2025
Source: Ginnie Mae
Ginnie Mae welcomes Joseph M. Gormley as its new Executive Vice President (EVP) and Chief Operating Officer (COO). With extensive experience in housing policy and financial services, Gormley will oversee Ginnie Mae’s mission to support stability in the nation’s housing markets.
Gormley’s track record demonstrates his housing finance expertise and commitment to public service. In a prior stint in federal government service, Gormley held several senior roles at the United States 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.
“I am very happy to see Joe Gormley take the helm at Ginnie Mae as Executive Vice President and Chief Operating Officer,” said HUD Secretary Scott Turner. “With Ginnie Mae’s central role in mortgage financing, his leadership will bring stability and strength to this segment of the housing market.”
As EVP and COO, Gormley 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 honored to join Ginnie Mae and contribute to its important mission,” said Gormley. “I look forward to working with the dedicated team at the agency to strengthen and enhance the role of the MBS program in serving homeowners and renters across the country.”
Gormley’s appointment reinforces Ginnie Mae’s commitment to maintaining a strong U.S. housing finance system. His experience and vision will be critical in advancing Ginnie Mae’s goals and delivering on its promise to provide stability and affordability to the nation’s housing market.
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