Ginnie Mae taps two financial leaders for its MBS program

by Candyd Mendoza29 May 2019

Ginnie Mae has added two leaders to its executive team: Adetokunbo Lofinmakin as chief financial officer and senior executive service, and Thomas Young as director of counterparty risk management.

Lofinmakin, who joined Ginnie Mae at 2015 as controller, will oversee the preparation of the company's financial reports. She will also manage all accounting operations for Ginnie Mae's $2 trillion mortgage-backed securities (MBS) portfolio. Lofinmakin will continue to report to Acting President Maren Kasper.

In his new role, Young will lead the operations involving counterparties that enter into business relationships with Ginnie Mae. Young has 24 years of risk management experience. He previously served as chief risk officer at Goldman Sachs Bank USA where he started as managing director in 2005. Young will continue to report to Greg Keith, senior vice president and chief risk officer.

“Both Toky and Greg bring deep expertise to Ginnie Mae in their respective fields,” said Kasper. “Each will serve in a role that is critical to maintaining the sound financial foundation of our mortgage-backed securities program. As we continue to evolve to meet the challenges of today’s operating environment, we look forward to their leadership contributions to the agency.”