Our People & Structure
Theodore W. Tozer serves as the 17th president of the Government National Mortgage Association (Ginnie Mae), a profitable, wholly-owned government corporation established within the Department of Housing and Urban Development (HUD) to promote nationwide access to mortgage credit.
As President of Ginnie Mae, Mr. Tozer operates a multi-billion dollar corporation, administers the mortgage-backed securities program, and oversees enterprise-wide risk management initiatives including capital market activity, all with a staff of less than 130.
Since being sworn in on Feb. 24, 2010, Mr. Tozer has successfully lead Ginnie Mae through the credit collapse, seeing Ginnie Mae's mortgage-backed securities (MBS) issuance rise from approximately $6-7 billion per month in 2006 to more than $30 billion a month currently. And, under Mr. Tozer’s leadership, since the peak of the credit crisis in September 2008, Ginnie Mae's portfolio has grown more than 50 percent.
To learn more, see biography of Theodore W. Tozer.
Ginnie Mae is headed by a president and an executive vice president, with Ginnie Mae's president being appointed by the President of the United States and confirmed by the Senate. The organization's president is Theodore W. Tozer and the executive vice president is Mary K. Kinney.
To learn more, see Ginnie Mae's Management Team.