Ginnie Mae just announced Nancy Corsiglia as its new executive vice president and chief operating officer.

Corsiglia will report to company President Ted Tozer, and will administer the company’s $1.7 trillion mortgage-backed securities and Real Estate Mortgage Investment Conduit programs. In addition, she will also manage the compnay’s daily operations such as all MBS operations, counterparty relationships, contracting, budget and legislative initiatives and overall risk management.

Corsiglia will interact 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.

“We are thrilled to have someone with Nancy’s extensive secondary mortgage market knowledge join the team at Ginnie Mae,” Tozer said. “She has demonstrated extraordinary leadership throughout her career and has a proven track record.”

“Nancy will play an important role in moving Ginnie Mae forward as the industry continues its transformation following the housing crisis,” he said.

Corsiglia’s background includes over 25 years of financial services and mortgage industry experience. Previously, she was a managing director at the Devonshire Advisory Group. She also served in various positions at Federal Agricultural Mortgage Corporation such as executive vice president, chief financial officer and vice president of business development.

“This is one of the most unique and exciting positions in the housing finance industry,” Corsiglia said. “I look forward to the opportunity to work with Ginnie Mae staff as they continue to innovate and evolve during one of the most challenging eras in the history of housing finance."

Ginnie Mae