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Freddie Mac hiring former Ginnie Mae executive Sam Valverde

Former Ginnie Mae, Federal Housing Finance Agency and Treasury official Sam Valverde will be moving into a new executive post at Freddie Mac starting next week.

Valverde, who has a wide range of experience in capital markets and housing finance, will become a vice president of mission and community engagement in Freddie's Single-Family Acquisitions Division on Monday.

His responsibilities will include building out and reinforcing risk management approaches. He also will work to expand lenders' knowledge of products and digital initiatives. In addition, engagement with community organizations and other stakeholders will be part of the work he does in his new role. His mission responsibilities will including leading development, implementation and reporting.

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Valverde most recently was acting president at Ginnie Mae, a post he assumed after Alanna McCargo stepped down. (McCargo later announced that she had accepted a position to succeed Teresa Bryce Bazemore at the San Francisco Federal Home Loan bank.)

Prior to taking on McCargo's responsibilities, Valverde served as principal executive vice president at Ginnie between 2023 and 2024. He was EVP and chief operating officer at the government guarantor for 11 months prior to that.

Before joining Ginnie, Valverde was a supervisory attorney advisor in the Federal Housing Finance Agency's Division of Conservatorship between 2017 and 2022. He also worked for the Treasury between 2010 and 2016.

At the Treasury Department, Valverde served as counselor in the domestic finance division between late 2016 and early 2017. He was the senior advisor to the under secretary of domestic finance between 2013 and 2016, and a deputy executive secretary between 2010 and 2013.

Valverde stepped down from his post at Ginnie last month and Gregory Keith, senior vice president and chief risk officer, assumed his responsibilities there.

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