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30 FDIC CHAIR MCWILLIAMS RESIGNS Jelena McWilliams, current Chair of the Federal Deposit Insurance Corporation (FDIC) since June 2018, has submitted her resignation to President Joe Biden, effective February 4, 2022. She will be replaced by Martin L. Gruenberg, current member of the FDIC Board of Directors. Sworn in as the 21st Chairman of the FDIC on June 5, 2018, McWilliams was in the midst of a six-year term on the FDIC Board of Directors, and her term was not scheduled to end until June of 2023. "When I immigrated to this country 30 years ago, I did so with a firm belief in the American system of government," said McWilliams in her resignation letter. "During my tenure at the Federal Reserve Board of Governors, the United States Senate, and the FDIC, I have developed a deep appreciation for these venerable institutions and their traditions. It has been a tremendous honor to serve this nation, and I did not take a single day for granted. roughout my public service, I have been constantly reminded how blessed we are to live in the United States of America." Prior to joining the FDIC, McWilliams was EVP, Chief Legal Officer, and Corporate Secretary for Fifth ird Bank in Cincinnati, Ohio, serving as a member of the executive management team and numerous bank committees, including: Management Compliance, Enterprise Risk, Risk and Compliance, Operational Risk, Enterprise Marketing, and Regulatory Change. Prior to joining Fifth ird Bank, McWilliams worked in the U.S. Senate for six years, as Chief Counsel and Deputy Staff Director with the Senate Committee on Banking, Housing and Urban Affairs, and previously, as Assistant Chief Counsel with the Senate Small Business and Entrepreneurship Committee. From 2007-2010, McWilliams served as an attorney at the Federal Reserve Board of Governors, where she drafted consumer protection regulations, reviewed, and Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com. Alanna McCargo has been sworn in as Ginnie Mae's 18th President. Recently confirmed by the U.S. Senate, McCargo was read the oath of office by Marcia L. Fudge, Secretary of the U.S. Department of Housing & Urban Development (HUD). McCargo is the first Senate-confirmed President for Ginnie Mae in nearly five years, and her confirmation is historic as she is the first woman in Ginnie Mae's history to hold this position. She replaces Michael R. Drayne, Ginnie Mae Acting EVP/Office of the President in her new role overseeing the wholly owned government corporation and principal financing arm for government mortgage loans. "It is an honor to lead Ginnie Mae through its next phase of transformation, ensuring our MBS remains a secure, nimble, and reliable vehicle to support the U.S. mortgage market and continues to make affordable homeownership and rental housing available for millions of households and our veterans," McCargo said. Prior to her confirmation as President, McCargo was Senior Advisor for Housing Finance to HUD Secretary Fudge. Before joining HUD, McCargo was VP of the Housing Finance Policy Center at the Urban Institute, where she led and developed evidence-based research and analysis on the U.S Housing Finance system. "I have had the privilege of working with Alanna McCargo for more than a decade," said Ed Delgado, Managing Director, MPA; Chairman, Five Star Global—parent company of DS News and MReport. "She is an insightful and dynamic leader who is a guardian for homeownership and our nation's housing system." McCargo also served as Executive Director of the Mortgage Servicing Collaborative, a cross-sector initiative that identified and developed policy recommendations for mortgage servicing and securitization reforms to enable stability for the housing finance system through all economic cycles. She worked for Fannie Mae from 2002- 2012 on secondary mortgage market and policy development and programs. While at Fannie Mae, she worked in partnership with the U.S. Treasury Department at the height of the Great Recession and housing crisis in 2008, executing on the Housing and Economic Recovery Act of 2008, including implementation of new housing and mortgage programs to promote mortgage servicing reforms, foreclosure prevention, and loss mitigation solutions. "I am joining a solid and committed team that has maintained stability and results for the American people through the pandemic and very trying economic times," McCargo said. "I look forward to working with the team and Secretary Fudge to strengthen Ginnie Mae's impact and advance our important mission." S P O T L I G H T P R O F I L E G O V E R N M E N T Alanna McCargo Officially Named Ginnie Mae President

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