The National Association of Real Estate Brokers, Inc. (NAREB), the country’s oldest trade association for Black Real Estate Professionals, would like to congratulate Ms. Alanna McCargo on being sworn in as President of Ginnie Mae. NAREB applauds President Biden on his nomination and the Senate for its’ voice vote confirmation and we look forward to working with Ms. McCargo as we continue to pursue our mission of “Democracy in Housing”.
Ms. McCargo has had a storied career as an advocate for fair housing and has dedicated her career to increasing wealth through homeownership. As President of Ginnie Mae, she will ensure capital and credit is equitability available to all segments of our communities. Ms. McCargo’s commitment to safe sustainable homeownership, will guide her policy decisions and expand Ginnie Mae’s influence in the mortgage market. In addition to her exceptional credentials, Ms. McCargo will make history by serving as the first woman to serve as its Senior Executive.
We believe Ms. McCargo’s vast experience, industry expertise, and capital market credibility not only will provide investor confidence but will also position Ginnie Mae to explore growth opportunities in the non-conventional mortgage markets. Ginnie Mae’s role in expanding FHA, VA, and USDA plays a critical role in lifting Blacks into homeownership and providing the initial building blocks toward closing the racial wealth gap. As a wholly-owned U.S. Government corporation within HUD, we are hopeful that Ginnie Mae’s mission to provide access to capital for affordable housing will emanate into its GSE counterparts.
NAREB’s mission is to increase Black homeownership and provide Black Americans with an opportunity to achieve the American Dream through its Five Pillars of Building Black Wealth through Homeownership: faith-based and civic engagement; women initiatives; diversity and inclusion/small business; multi-generational wealth; and government relations and advocacy. For more information about NAREB and the upcoming Mid-Winter Conference, visit https://www.nareb.com.