Sam Valverde, Acting President of Ginnie Mae, will resign from his position on November 30, 2024. Valverde has been part of the Biden-Harris Administration since May 2024 as Acting President and previously served as Principal Executive Vice President and Chief Operating Officer since March 2022. His appointment marked a historic moment as he became the first Latino executive and leader of Ginnie Mae.

HUD Agency Head Adrianne Todman expressed gratitude for Valverde's service: “I would like to thank Acting President Sam Valverde for his innovative leadership at Ginnie Mae and years of public service. Mr. Valverde’s tenure has been ground-breaking and has set the foundation for a people-first philosophy in Ginnie Mae’s crucial mission to support affordable housing for people across the nation.”

Reflecting on his time at Ginnie Mae, Valverde stated, “The opportunity to lead Ginnie has been the most impactful and rewarding work of my career in public service. I am deeply honored to have had the chance to serve my country, while championing a borrower-focused and market-driven housing finance agenda.” He added that he is proud of their achievements and appreciates the dedication of the team managing their $2.658 trillion guarantee business.

Upon his departure, Gregory Keith, Senior Vice President and Chief Risk Officer, will take over as President. Keith has more than 35 years of experience in housing finance and has been with Ginnie Mae since October 2010. His contributions include stabilizing Ginnie Mae’s portfolio through risk management practices.

Valverde commented on Keith's new role: “Greg has been a key leader at Ginnie Mae for over a decade, bringing a holistic perspective on housing finance that will serve the organization well at this critical time.”

Ginnie Mae is a government corporation supporting homeownership by attracting global capital into the U.S. housing finance system.