Ginnie President Departs for Private Sector; Agency Faces Challenges as Volume Soars
August 20, 2009
Joseph Murin left his post as president of Ginnie Mae this week, moving into the private sector just nine months after his re-appointment and leaving an agency that continues to post record volume in its mortgage-backed securities guaranty business without any significant increase in resources. Murin, who served as Ginnie’s president since January 2008, said he’s been contemplating...