The Senate confirmed Alanna McCargo Tuesday night to serve as president of the Government National Mortgage Association (Ginnie Mae). McCargo—senior advisor for housing finance at the Department of Housing and Urban Development—was nominated by President Joe Biden for the role in September.
She is the first permanent president of Ginnie Mae since 2017.
“We congratulate Ms. McCargo on her confirmation and look forward to engaging with her on credit unions’ role in ensuring housing access and affordability,” said CUNA President/CEO Jim Nussle.
CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee during McCargo’s nomination hearing sharing several priorities, including credit unions’ inaccurate classification as “non-banks” in Ginnie Mae’s mortgage-backed securities guide.