Senate confirms new heads of FHA, Ginnie Mae, FDIC

The Senate has confirmed Frank (Francis) Cassidy to lead the Federal Housing Administration (FHA), Joseph Gormley to lead Ginnie Mae, and Travis Hill to serve as chair of the Federal Deposit Insurance Corporation (FDIC).​

Who was confirmed

• FHA (Federal Housing Administration): Frank/Francis Cassidy was confirmed as FHA commissioner and Assistant Secretary for Housing at the Department of Housing and Urban Development (HUD), giving him oversight of FHA’s large mortgage insurance portfolio and housing programs.​

• Ginnie Mae (Government National Mortgage Association): Joseph Gormley was confirmed as president of Ginnie Mae, which guarantees mortgage-backed securities backed by federally insured or guaranteed loans, including most FHA and VA loans.​

• FDIC (Federal Deposit Insurance Corporation): Travis Hill, previously acting chair, was confirmed by the Senate as FDIC chairman in a close vote, formalizing his leadership of the agency that insures bank deposits and supervises many U.S. banks.​

Why this matters

• The confirmations complete a key part of President Donald Trump’s housing and financial regulatory leadership team for his current term, aligning FHA, Ginnie Mae, and FDIC leadership with the administration’s policy priorities.​

• Industry and housing groups have emphasized that filling these roles is important for stability in mortgage markets, affordable housing finance, and bank supervision, and several trade associations publicly urged the Senate to confirm these nominees quickly.​

Quick comparison of the new leaders