Joseph E. Amato, currently the CFO of the bank, will step in as interim president and CEO following the resignation of Alanna McCargo from Ginnie Mae. McCargo, who took the position in early 2022, has moved to the FHLBank of San Francisco as CEO. Her departure marks a significant leadership change, as she was the first confirmed president of Ginnie Mae since 2017. The bank emphasized McCargo’s expertise in housing finance while announcing her new role as a special policy adviser and her continued influence in housing and financial sectors.
Her insights and strategic guidance will be invaluable as we continue to support our members and partners in meeting the credit and investment needs of the communities we all serve.
Alanna is a respected leader with deep expertise in housing finance and policy, said board chair F. Daniel Siciliano.
This is a pivotal time for housing and financial markets, and I am pleased to continue working with the Board in this new capacity.
McCargo said she is grateful for the chance to continue working to advance the bank's goals.
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