MBA Urges Swift Senate Confirmation of Frank Cassidy and Joe Gormley

WASHINGTON, D.C. (November 19, 2025) — MBA's President and CEO Bob Broeksmit, CMB, released the following statement regarding the Senate Banking Committee’s advancement of the nominations of Frank Cassidy to serve as Federal Housing Administration (FHA) Commissioner and Joe Gormley to serve as President of Ginnie Mae:

“MBA strongly supports the nominations of Frank Cassidy and Joe Gormley and urges the full Senate to move quickly to confirm them.

“Frank Cassidy’s deep expertise in real estate finance and commitment to improving housing affordability make him exceptionally qualified to lead FHA. Joe Gormley’s leadership and extensive experience in housing policy and mortgage capital markets will be invaluable to Ginnie Mae’s mission of ensuring liquidity and stability in the mortgage market.

“MBA looks forward to working with both leaders once confirmed to strengthen the housing finance system, expand access to homeownership and rental housing, and support policies that promote housing affordability for families nationwide.”