GENERAL SESSION: An Update from Ginnie Mae

Senior Vice President, Residential Policy and Strategic Industry Engagement, Mortgage Bankers Association

Pete Mills is Senior Vice President of Residential Policy and Strategic Industry Engagement at the Mortgage Bankers Association (MBA). In this position, he leads MBA's residential policy team and state and local advocacy program, and directs MBA's residential member engagement efforts across the MBA value platform. Mills is an experienced financial services industry executive with more than 30 years of expertise in public affairs, government relations, public policy and research, all in the housing and mortgage finance arena. Prior to joining MBA, he served as Managing Director and co-founder of the Community Mortgage Banking Project, a public policy organization that represented the interests of companies and coalitions involved in the housing and mortgage finance industries.

Executive Vice President & Chief Operating Officer, Ginnie Mae

Joseph M. Gormley joined Ginnie Mae as Executive Vice President and Chief Operating Officer in April 2025. In this capacity, he is responsible for overseeing the agency’s strategic initiatives, operational execution, and enterprise risk management efforts. Mr. Gormley plays a central role in ensuring the effective delivery of Ginnie Mae’s mission to promote stability and access in the U.S. housing finance system. Mr. Gormley has extensive experience in housing policy, regulatory affairs, and financial services. Prior to joining Ginnie Mae, he served in several senior positions at the U.S. Department of Housing and Urban Development (HUD), including Deputy Assistant Secretary for Single Family Housing at the Federal Housing Administration and Chief of Staff to the Deputy Secretary. In these roles, he led high-impact policy and operational initiatives that advanced housing access and institutional accountability. Before his tenure at HUD, Mr. Gormley served as Assistant Vice President and Regulatory Counsel at the Independent Community Bankers of America, where he focused on federal regulatory policy and compliance matters affecting community bankers. He also held positions at the Mortgage Bankers Association and the Financial Industry Regulatory Authority (FINRA), where he advised on housing finance and capital markets regulation. His leadership at Ginnie Mae supports the agency’s role in ensuring liquidity and stability in the secondary mortgage market. Mr. Gormley holds a Bachelor of Arts from Boston College and a Juris Doctor from the University of Pennsylvania Law School.