Former Ginnie Mae head Sam Valverde is staying in the sphere of government-affiliated lending, joining Freddie Mac as vice president of mission and community engagement for the government-sponsored enterprise’s (GSE) Single Family Acquisitions division.

Valverde stepped down as acting president of Ginnie Mae (officially the Government National Mortgage Association) in November. He had been helming the government-backed corporation since May, when he became not only Ginnie’s first Latino executive, but also its first Latino president.

He joined the organization in March 2022, also holding the roles of principal executive vice president and chief operating officer. He has also held leadership roles at the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury.

Valverde is set to begin his new post at Freddie next week. His responsibilities will include engaging with industry stakeholders, strengthening risk management approaches and communicating with lenders about Freddie’s products and digital programs.