The Senate has just confirmed Joe Gormley (pictured left) as President of Ginnie Mae and Frank Cassidy as Assistant Secretary for Housing/Federal Housing Commissioner.
“We applaud the Senate for confirming Mr. Gormley and Mr. Cassidy to their leadership roles at HUD,” said NRMLA President Steve Irwin. “Both bring a clear commitment to the strength and future of the HECM and HMBS programs, and we look forward to working with them to advance lasting solutions that protect borrowers, support investors, and ensure the long-term health of these vital programs.”
Prior to joining HUD, Cassidy built a distinguished career in major commercial mortgage banking and real-estate finance, advising developers, owners, and investors across the multifamily, senior housing, and healthcare sectors. For more than 15 years, he originated and closed billions of dollars in FHA, Fannie Mae, Freddie Mac, bridge, and balance-sheet financing.
Gormley previously served in several senior positions at the U.S. Department of Housing and Urban Development during the first Trump administration, including Deputy Assistant Secretary for Single Family Housing and Chief of Staff to FHA Commissioner Brian Montgomery.
Other HUD nominations approved by the Senate, include:
- David Woll was confirmed as General Counsel at HUD, serving as the Department’s chief legal advisor, providing counsel on all legal aspects of housing, community development, and enforcement. Woll previously served as Principal Deputy Assistant Secretary for HUD’s Office of Community Planning and Development.
- Craig Trainor was confirmed as Assistant Secretary for FHEO, responsible for enforcing civil rights in housing, administering the Fair Housing Act, and overseeing investigations of housing discrimination complaints. He previously served as Acting Assistant Secretary for Civil Rights at the Department of Education.
