6-8-20 A Look at Ginnie Mae from Past President Joe Murin
\u201cThe pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.\u201d\n-John Maxwell\n\nJoseph Murin was the President of Ginnie Mae during the great recession of 2008-2009, and with all that\u2019s happened in the mortgage industry during this pandemic, we thought it\u2019d be wise to take some time to understand what took place during those challenging months in order to better understand the future.\n\nAs past president of Ginnie Mae during the great recession, Joseph Murin led the transformation of Ginnie Mae through a difficult time in the housing and mortgage arenas and provided much needed liquidity to the industry as it grew its portfolio from $350 billion to $840 billion.\n\nWant to know more about Joe Murin?\n\nJoseph J. Murin is currently an advisor with Ainsworth Advisors. He is also the Chairman Emeritus of Chrysalis Holdings LLC and the Chairman of JJAM Financial Services LLC.\xa0 Mr. Murin joined ANC Acquisitions LP in July 2011 as its CEO. ANC is a Fortress Investment Group financial services company founded to provide products and services to the financial services industry.\xa0 ANC specialized in the areas of mortgage lending, mortgage servicing, asset-based lending, compliance, and analytics.\xa0 He is the former Chairman and Co-founder of The Collingwood Group LLC.\xa0 The Collingwood Group\u2019s primary focus is in the financial services sector and offers business advisory services combined with access to decision makers, financial sponsors, corporate boards, and senior industry executives.\xa0Read more...\n\u201cThe pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.\u201d\n-John Maxwell\n\nJoseph Murin was the President of Ginnie Mae during the great recession of 2008-2009, and with all that\u2019s happened in the mortgage industry during this pandemic, we thought it\u2019d be wise to take some time to understand what took place during those challenging months in order to better understand the future.\n\nAs past president of Ginnie Mae during the great recession, Joseph Murin led the transformation of Ginnie Mae through a difficult time in the housing and mortgage arenas and provided much needed liquidity to the industry as it grew its portfolio from $350 billion to $840 billion.\n\nWant to know more about Joe Murin?\n\nJoseph J. Murin is currently an advisor with Ainsworth Advisors. He is also the Chairman Emeritus of Chrysalis Holdings LLC and the Chairman of JJAM Financial Services LLC.\xa0 Mr. Murin joined ANC Acquisitions LP in July 2011 as its CEO. ANC is a Fortress Investment Group financial services company founded to provide products and services to the financial services industry.\xa0 ANC specialized in the areas of mortgage lending, mortgage servicing, asset-based lending, compliance, and analytics.\xa0 He is the former Chairman and Co-founder of The Collingwood Group LLC.\xa0 The Collingwood Group\u2019s primary focus is in the financial services sector and offers business advisory services combined with access to decision makers, financial sponsors, corporate boards, and senior industry executives.\xa0Read more...