Nancy Corsiglia is joining Ginnie Mae as executive vice president and chief operating officer.
Corsiglia replaces Mary Kinney, who retired in February.
Corsiglia has more than 25 years of financial services and mortgage industry experience. Previously, she was a managing director at the Devonshire Advisory Group. She has also served in a variety of positions at Federal Agricultural Mortgage Corporation (Farmer Mac), including executive vice president, chief financial officer and vice president of business development.
In her new role, Corsiglia will administer Ginnie Mae’s $1.7 trillion mortgage-backed securities (MBS) and real estate mortgage investment conduit (REMIC) programs. She will also be responsible for managing the company’s daily operations, including all MBS operations, counterparty relationships, contracting, budget and legislative initiatives, and overall risk management, the company says in a release.
Additionally, Corsiglia will maintain liaisons with key officials and executives of housing and securities industries, the investment community, members of Congress, and other departments and agencies of the federal government.