83 FR 2661 - Order of Succession for Government National Mortgage Association (Ginnie Mae)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 12 (January 18, 2018)

In this Notice, the Secretary of Housing and Urban Development designates the Order of Succession for the Government National Mortgage Association (Ginnie Mae). This Order of Succession supersedes all prior Orders of Succession for Ginnie Mae.

[Federal Register Volume 83, Number 12 (Thursday, January 18, 2018)]
[Notices]
[Pages 2661-2662]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00796]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6047-D-03]


Order of Succession for Government National Mortgage Association 
(Ginnie Mae)

AGENCY: Office of the President of the Government National Mortgage 
Association, HUD.

ACTION: Notice of order of succession.

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SUMMARY: In this Notice, the Secretary of Housing and Urban Development 
designates the Order of Succession for the Government National Mortgage 
Association (Ginnie Mae). This Order of Succession supersedes all prior 
Orders of Succession for Ginnie Mae.

DATES: Applicability Date: December 19, 2017.

FOR FURTHER INFORMATION CONTACT: Senior Vice President and Chief Risk 
Officer, Office of Enterprise Risk, Government National Mortgage 
Association, Department of Housing and Urban Development, Capital View, 
425 3rd Street SW, Washington, DC 20024; telephone number (202) 475-
4918. (This is not a toll-free number). Persons with hearing- or 
speech-impairments may access this number though TTY by calling the 
toll-free Federal Relay Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION: The Secretary of Housing and Urban 
Development hereby issues this Order of Succession pursuant to the 
Bylaws of Ginnie Mae which authorize the Secretary of Housing and Urban 
Development or the President of Ginnie Mae to designate the sequence in 
which other officers of Ginnie Mae shall act. The officers designated 
below shall perform the duties and exercise the power and authority of 
the President, when the President is absent or unable to act, or when 
there is a vacancy in the Office of the President of Ginnie Mae. This 
Order of Succession is subject to the provisions of the Federal 
Vacancies Reform Act of 1998 (5 U.S.C. 3345- 3349d) and the Bylaws of 
the Government National Mortgage Association, as published at 
www.ginniemae.gov. Accordingly, the Secretary of Housing and Urban 
Development designates the following Order of Succession:

Section A. Order of Succession

    Subject to the provisions of the Federal Vacancies Reform Act of 
1998 and the Bylaws of Ginnie Mae, during any period when, by reason of 
absence, disability, or vacancy in office, the President of Ginnie Mae 
is not available to exercise the powers or perform the duties of the 
President, the following officials within Ginnie Mae are hereby 
designated to exercise the powers and perform the duties of the Office:

(1) Executive Vice President--Chief Operations Officer;
(2) Executive Vice President;
(3) Senior Vice President, Office of Enterprise Risk;
(4) Senior Vice President, Office of Issuer and Portfolio Management;
(5) Senior Vice President, Office of Capital Markets;
(6) Senior Vice President, Office of Securities Operations;
(7) Senior Vice President, Office of Chief Financial Officer;
(8) Senior Vice President, Office of Enterprise Data and Technology 
Solutions;
(9) Senior Vice President, Office of Management Operations.

    These officials shall perform the functions and duties of the 
Office in the

[[Page 2662]]

order specified herein, and no official shall serve unless all the 
other officials, whose position titles precede his/hers in this order, 
are unable to act by reason of absence, disability, or vacancy in 
office.

Section B. Authority Superseded

    This Order of Succession supersedes the prior Orders of Succession 
for the President of Ginnie Mae.

    Authority:  Section 7(d), Department of Housing and Urban 
Development Act (42 U.S.C. 3535(d)). Section 3.05, Bylaws of the 
Government National Mortgage Association, as published in the Bylaws 
published at www.ginniemae.gov.

    Dated: December 19, 2017.
Benjamin S. Carson, Sr.,
Secretary.
[FR Doc. 2018-00796 Filed 1-17-18; 8:45 am]
 BILLING CODE 4210-67-P