Nancy Corsiglia will join Ginnie Mae as Executive Vice President and Chief Operating Officer, reporting to President Ted Tozer, as announced Monday by the company. Corsiglia replaces Mary Kinney, who retired in February 2016.
Corsiglia will oversee Ginnie Mae’s $1.7 trillion Mortgage-Backed Securities (MBS) and Real Estate Mortgage Investment Conduit programs as well as be responsible for managing Ginnie Mae’s daily operations, such as all MBS operations, counterparty relationships, contracting, budget and legislative initiatives, and overall risk management. Corsiglia will uphold relationships 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.
“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."
Corsiglia received her MBA degree from the Tuck School of Business at Dartmouth and an AB degree in Economics from Smith College before being a part of the financial services and mortgage industry for over 25 years. Prior to joining Ginnie Mae, she was a Managing Director at the Devonshire Advisory Group as well as 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.
“We are thrilled to have someone with Nancy’s extensive secondary mortgage market knowledge join the team at Ginnie Mae,” said Ginnie Mae President Ted Tozer. “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.”