McCargo initially served as the senior advisor for housing finance at the Department of Housing and Urban Development (HUD) under former Secretary Marcia Fudge. Before that, she was vice president for housing finance policy at the Urban Institute. McCargo also held various leadership positions at CoreLogic, JP Morgan Chase, and Fannie Mae.
Under her leadership, Ginnie Mae has seen significant advancements, especially in enhancing the reach and effectiveness of mortgage-backed securities programs to support affordable housing.
Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA), commended McCargo’s efforts in addressing the affordable housing problem and improving the function of capital markets.
“We commend President McCargo and her staff for their contributions on numerous issues, including supporting mortgage servicers in their commitment to helping struggling homeowners enter and exit COVID-19 forbearance programs, investing in technology to improve the experience for issuers, and enhancing liquidity for Ginnie Mae mortgage-backed securities,” Broeksmit said.
Acting secretary Adrianne Todman commented: “I thank President McCargo for her service to our country and at HUD. In her time at the agency, she has been a zealous advocate for housing affordability and ensuring a more equitable housing finance system. As president of Ginnie Mae, Alanna has helped expand Ginnie Mae’s reach in serving historically underserved communities and has been a champion for advancing market-driven initiatives that support mortgage programs across the Government,” said acting secretary Adrianne Todman. “It has been a joy to work with president McCargo. I am proud to say that she has left Ginnie Mae stronger than when she arrived, and her tenure sets a high standard for servant leadership.”
Source: mpamag.com