Sam
Valverde,
who
stepped
down
as

acting
president
of


Ginnie
Mae
on
Nov.
30,
will
join


Freddie
Mac
as
vice
president
of
mission
and
community
engagement
in
the
government-sponsored
enterprise’s
single-family
acquisitions
division.
The
move
is
effective
Monday.

With
more
than
20
years
of
experience
in
housing
and
capital
markets,
Valverde
has
held
senior
positions
at
the


Federal
Housing
Finance
Agency
(FHFA)
and
the


U.S.
Department
of
the
Treasury.
At
Freddie
Mac,
he
will
focus
on
advancing
risk
management
strategies,
increasing
lender
adoption
of
digital
tools
and
products,
and
overseeing
affordability
initiatives.

National
Mortgage
News
first
reported
his
hiring.  

Valverde,
who
joined
Ginnie
Mae
in
2022,
served
as
principal
vice
president
and
chief
operating
officer
before
assuming
the
acting
president’s
role
after

Alanna
McCargo’s
resignation
in
May.
Gregory
Keith,
Ginnie
Mae’s
senior
vice
president
and
chief
risk
officer,
has
succeeded
Valverde
as
acting
president.

This
marks
another
significant
leadership
shift
for
Freddie
Mac
in
2024.
It
follows
the
departure
of
chief
financial
officer

Christian
Lown
in
June
and
CEO

Michael
DeVito’s
retirement
in
the
first
quarter,
less
than
three
years
into
his
tenure.

Valverde’s
move
occurs
as
the
housing
sector
anticipates
further
changes
under
President-elect

Donald
Trump’s
incoming
administration.
During
his
first
term,
Trump
only
appointed
acting
leaders
at
Ginnie
Mae,
leaving
the
agency
without
a

Senate-confirmed
president.
It
remains
unclear
whether
this
will
be
the
case
in
the
second
Trump
administration.

For
his
second
term,
Trump
has

selected
Scott
Turner,
former
executive
director
of
the

White
House
Opportunity
and
Revitalization
Council,
as
the
next
secretary
of
the


U.S.
Department
of
Housing
and
Urban
Development
(HUD). 

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