Ginnie Mae is currently struggling with staffing challenges following key retirements, particularly the departure of Leslie Meaux Pordzik, who oversaw issuer operations. This trend of critical retirements appears to worsen, impeding the agency's ability to replace essential staff members in a timely manner. Tozer emphasized that Ginnie Mae's current pay scales are not competitive compared to other agencies, complicating the recruitment of skilled personnel needed for policy initiatives like HMBS 2.0. The culmination of these factors is likely to hinder effective operations and implementation efforts at Ginnie Mae.
Tozer explained that the biggest challenge facing Ginnie Mae's complementary securities program is staffing, as critical retirements have occurred without adequate replacements.
Tozer criticized Ginnie Mae for its inability to pay competitive salaries, which complicates efforts to recruit qualified personnel essential for policy implementation.
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