Sam Valverde, Ginnie Mae’s principal executive vice president, will serve as acting president, while Laura Kenney, senior advisor for strategic operations, will assume additional duties.
The two resignations in less than two months and in a presidential election year have created some uncertainty over the future of other political appointees in the federal housing sector.
Lenders, servicers and others in the housing market should work together to educate consumers on the financial impact of climate change, according to participants at a conference last week.
Denis McDonough, secretary of the Department of Veterans Affairs, said VA’s track record on mortgage financing is the best in the industry and that foreclosures among VA borrowers are extraordinarily rare.
VA Secretary Denis McDonough pledged to be transparent with lawmakers on the new VA loss-mitigation program. He said congressional oversight will strengthen performance of the program.