President Joe Biden Wednesday nominated Alanna McCargo to serve as president of the Government National Mortgage Association (Ginnie Mae) at the Department of Housing and Urban Development (HUD). She currently serves as senior advisor for housing finance at HUD.
McCargo’s career in housing spans decades and has “centered on how America’s housing finance system can equitably provide credit and capital to households and affordable housing stakeholders,” according to the White House. She joined the Biden-Harris Administration after serving as Vice President of the Housing Finance Policy Center at the Urban Institute.
She developed a body of work focused on reducing racial homeownership gaps, increasing housing affordability, and reducing barriers to accessing credit and capital.
McCargo also served as Executive Director of the Mortgage Servicing Collaborative, a cross-sector initiative that identified and developed policy recommendations for mortgage servicing and securitization reforms to enable a more stable housing finance system.
Before joining the Urban Institute, McCargo held roles at CoreLogic and Fannie Mae.