BPC Interviews Ginnie Mae President Alanna McCargo

BPC Interviews Ginnie Mae President Alanna McCargo

The Bipartisan Policy Center this week conducted a fireside chat with Ginnie Mae President Alanna McCargo. The event coincided with the recent anniversary of the signing of the Housing and Urban Development Act of 1968 by President Lyndon Johnson, which created Ginnie Mae.

During the Q&A, President McCargo noted that the majority of GNMA issuers continues to shift away from banks and depository institutions to being mostly independent mortgage bankers and nonbanks – a trend that began in 2008 and continued through the pandemic. Analyzing issuer data and ensuring the issuer base remains financially strong is a top priority, she said.

President McCargo also emphasized the fact that GNMA is a social enterprise with her remarks having a good bit of focus on ESG and how the end investors of GNMA securities, from around the world, are demanding ESG reporting and disclosure from GNMA.

You can view the discussion on YouTube.com.

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Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.