The Secretary of Housing and Urban Development has officially announced a new order of succession for the Government National Mortgage Association, also known as Ginnie Mae. This new order will determine who takes over if the Ginnie Mae President cannot perform the duties due to absence, disability, or a vacancy. The order lists specific officers who will step in, starting with the Principal Executive Vice President and followed by various Senior Vice Presidents. This announcement replaces the previous order of succession published in 2018.
Simple Explanation
The person in charge of a special group called Ginnie Mae, which helps people get homes, has set up a new list to decide who takes over if the boss can't work—like if they're sick or the job is empty. This list replaces the one made a few years ago.