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Is Mike Calhoun still in the running for FHFA director?

Housing Wire

Mike Calhoun is president of the Center for Responsible Lending. This week the Biden administration announced several high-level nominations, including Alanna McCargo to lead Ginnie Mae. However, the White House did not release an FHFA announcement in concert with McCargo’s nomination.

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Industry relieved that Ginnie Mae is no longer being ignored

Housing Wire

Monday’s announcement that Alanna McCargo, senior advisor at the Department of Housing and Urban Development , is up for the nomination of Ginnie Mae president put a smile on the face of the mortgage industry. Ginnie Mae backstopped roughly $2.1 trillion of mortgage-backed securities as of Aug.

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