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15 December 2024 December 2024 » M O V E R S & S H A K E R S at Ginnie Mae and years of public service. Mr. Valverde's tenure has been groundbreaking and has set the foun- dation for a people-first philosophy in Ginnie Mae's crucial mission to support affordable housing for people across the nation." Upon Valverde's departure, current SVP and Chief Risk Officer (CRO) Gregory Keith will assume the responsibili- ties of Ginnie Mae President. "Gregory Keith has been a key leader at Ginnie Mae for over a decade, bringing a holistic perspective on hous- ing finance that will serve the organiza- tion well at this critical time," Valverde said. Keith brings more than 35 years of housing finance experience to the role as incoming Ginnie Mae President, hav- ing led Ginnie Mae's risk and compli- ance functions since October 2010. His work has been instrumental in stabiliz- ing Ginnie Mae's portfolio, implement- ing robust risk management practices, and overseeing key operational policies to safeguard the organization's mission. Much of Keith's experience has been in mortgage- and asset-backed finance. Prior to joining Ginnie Mae, Keith spent nine years in various roles at Fannie Mae—across multiple disciplines, including strategy, risk, and finance. Most recently, he served as Director of Counterparty Risk Management, where he structured, monitored, and mitigated financial risk with business partners. In 2001, Keith came to Fannie Mae from First Union Capital Markets, where he was VP of Business Integration. There, he managed the implementation of business strategies and tactical business requirements for the Structured Products Group of the Corporate and Investment Bank. Previously, Keith also served as a Manager at KPMG Consulting, focusing on the execution of strategic, financial, and operational engagements. Prior to joining KPMG, Keith worked as a Forecasting and Planning Analyst at the American Residential Mortgage Corpo- ration and as a Financial Analyst at Great American Bank. Prior to joining Ginnie Mae, Valverde served as Supervisory Attorney Advisor at the Federal Housing Finance Agency (FHFA) in the Division of Con- servatorship Oversight and Readiness, leading agencywide projects intended to support greater access to mortgage cred- it and affordable rental opportunities for working families. In addition, Valverde led successful efforts to transition the government-sponsored enterprises (GSEs) away from utilizing LIBOR for a range of variable rate product offerings. He also coordinated efforts to devel- op a post-conservatorship regulatory framework for the GSEs and provided technical assistance on a variety of hous- ing finance legislation. Valverde also served as a Coun- selor for Domestic Finance at the U.S. Department of the Treasury, focusing on housing and consumer finance issues. While at Treasury, Valverde worked on issues related to the ongoing conserva- torships of the GSEs and implementa- tion of the housing programs under the Housing and Economic Recovery Act of 2008 (HERA). He also led development of the Department's first retirement savings product and efforts on multi- employer pension reform. While at the Treasury Department, Valverde was instrumental to the creation of its Puerto Rico Task Force, charged with develop- ing policy solutions to the Common- wealth's fiscal crisis. Prior to joining public service, Valverde began his career as a securities lawyer at Davis Polk & Wardell LLP. He received his J.D. from Yale Law School and an A.B. from Dartmouth College. "I owe a debt of gratitude to the team of career public servants who work tirelessly to uphold our mission," Valverde said. "The talent and ded- ication of the Ginnie Mae team are unmatched, and the enormity of their daily responsibilities in managing our $2.658 trillion-guarantee business is in- spiring. I am pleased with our progress and confident in the foundation we've "I owe a debt of gratitude to the team of career public servants who work tirelessly to uphold our mission." —Sam I. Valverde, Acting President, Ginnie Mae