FR 2021-00693

The document, released by the Secretary of Housing and Urban Development, establishes a new order of succession for the Government National Mortgage Association, commonly known as Ginnie Mae. This updated order outlines which officials will assume the responsibilities of the Ginnie Mae President in cases of absence, disability, or vacancy. The newly established line of succession begins with the Principal Executive Vice President, followed by a series of Executive and Senior Vice Presidents from various departments. It replaces the previous order of succession published in 2018.

Issues and Concerns

One significant concern with this document is its formal and legalistic language, which might be difficult for those not familiar with government or legal terminology to understand. Additionally, the document references specific sections of U.S. Code and Ginnie Mae bylaws, presuming a level of prior knowledge that may not be common among general readers. This assumption leaves a gap in understanding without further research into these regulations. Furthermore, the document depends on external resources, such as the Federal Vacancies Reform Act of 1998, which are not provided, making it challenging to grasp the full context.

Another point of critique is the document’s redundancy in some sections, particularly in the applicability and authority sections, which could be streamlined to enhance clarity.

Impact on the Public

Broadly, the document’s impact on the general public is likely minimal, as it primarily addresses internal administrative processes within Ginnie Mae. However, for those in the housing and mortgage sectors, understanding who can assume leadership in the event of vacancies or absences might offer some reassurance of continuity in leadership and decision-making.

Impact on Specific Stakeholders

For stakeholders within Ginnie Mae, such as its executives and employees, the document provides clarity and a defined hierarchy, ensuring that leadership transitions smoothly in the event of the President's absence or a vacancy. This clear order can help prevent any potential disruptions in the agency's operations, providing a stable environment for ongoing projects and initiatives.

On the negative side, the formality and complexity of the document could pose challenges for stakeholders who need to quickly understand their roles and responsibilities within the organization. There may be a need for additional explanatory resources or training to ensure everyone fully comprehends the new order of succession.

Overall, while the document may not have a direct effect on the average citizen, its implications for the organization’s leadership structure are essential for maintaining the orderly operation of Ginnie Mae, which plays a critical role in the national housing market.