Former Ginnie Mae President Sam Valverde Joins Freddie Mac

Former Ginnie Mae exec Sam Valverde has moved to Freddie Mac as its VP of mission and community engagement in its single-family acquisitions division.

Valverde brings more than two decades of leadership experience to the role, having most recently served as acting president of Ginnie Mae. He took on the role after former president Alanna McCargo’s departure earlier this year, and stepped down on November 30.

Valverde has also worked with the Federal Housing Finance Agency and the Department of the Treasury.

In his new role, he will spearhead risk management strategies, drive lender adoption of digital tools and products, and oversee affordability initiatives.

Freddie Mac has experienced several major leadership change-ups this year. Former PNC exec Diana Reid was named CEO in September after Michael J. DeVito’s retirement in March. Chief Financial Officer Christian Lown left the company in June.

Valverde was Ginnie Mae’s first Latino executive and first Latino president.

“The opportunity to lead Ginnie has been the most impactful and rewarding work of my career in public service. I am deeply honored to have had the chance to serve my country, while championing a borrower-focused and market-driven housing finance agenda,” Valverde said. 

“I am immensely proud of all that we have achieved on behalf of the borrowers, issuers, and investors that we serve.”

Gregory Keith, formerly Ginnie Mae’s SVP and chief risk officer, succeeded him upon his departure.