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10 | M R EP O RT MCROWD GOVERNMENT ALANNA MCCARGO 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 confir- mation 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 prin- cipal financing arm for government mortgage loans. As of November 2021, more than $2.13 trillion of Ginnie Mae mortgage- backed securities (MBS) was out- standing, owned by investors in the U.S. and around the world. "It is an honor to lead Ginnie Mae through its next phase of transfor- mation, 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. She helped to advance the national policy conversation around reducing racial homeownership and wealth gaps and removing barriers to accessing credit and capital. "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. In addition, McCargo held roles as VP and Head of Government Solutions with CoreLogic and was VP with JP Morgan Chase's Home Lending Division. 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 hous- ing 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 commit- ted 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." Prior to joining public service, McCargo served in her personal and professional capacity on nonprofit boards focused on housing security and affordability efforts including Doorways for Women and Families, Women in Housing and Finance Foundation, and in advisory roles with the Aspen Institute's Expanding Prosperity Impact Collaborative (EPIC) for housing, and with Habitat for Humanity of Washington, D.C. LENDERS /SERVICER MICHAEL ADLER Flagstar Bank has appointed Michael Adler EVP and Head of Wholesale Banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets, and non-consumer-facing areas such as foreign exchange/swaps. "We're delighted to have someone of Michael's experience to lead and grow our wholesale banking busi- ness," said Reggie Davis, President of Banking at Flagstar. Within his new role, he will be re- sponsible for transforming Flagstar's commercial business into a scal- able platform supporting a national growth strategy to include lending, treasury management, and capital markets serving middle market and mid-corporate clients. This month, some of the industry's largest companies saw significant changes to their corporate lineups. Who's moving on and who's moving up in the industry Adler brings to Flagstar more than 30 years of experience building and growing commercial banking, cor- porate banking, specialized lending, and capital markets business units on both a regional and national basis. He spent the last 11 years with BBVA USA (now known as PNC Bank) and the last five as head of corporate banking and capital markets and as a member of the management committee. He started his career at Bank of America in middle market lending and held leadership positions at GE Capital, Fleet Bank, Goldman Sachs, and other financial institutions. "Wholesale Banking is an exciting growth opportunity at Flagstar, and Michael brings a proven track record of building, expanding, and leading highly successful banking teams and driving profitable growth," Davis said. The implementation of his tenured skills and corporate banking knowl- edge will aid Flagstar toward their goal of expanding their platform. VICTORIA GARCIA DELUCA Victoria Garcia DeLuca has been named VP of Marketplace Diversity Strategy for Guild Mortgage. Her new position is part of Guild Mortgage's initiatives to increase homeownership among minorities and underserved markets, and promote diversity, equity, and inclusion in lending. DeLuca is bilingual in English and Spanish and has nearly 20 years' experience in the mortgage industry, including leadership positions creat- ing programs for Hispanic and Black markets in the Midwest and South. Additional areas of responsibility for DeLuca's new position include the recruitment and retention of minority loan officers, increased involvement in industry trade associations, working with different Guild divisions on ideas for new products specific to minority markets, and serving as a liaison with the government-sponsored enter- prises (GSEs). "The Hispanic and minority mar- kets for homeownership are forecast to grow considerably through 2030," said Barry Horn, Guild Mortgage's EVP and National Production Manager. "Guild has a long history of serving first-time homebuyers. Bringing Victoria aboard is a big step in our long-term commitment to reach more markets that are diverse

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