“The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.”
Joseph Murin was the President of Ginnie Mae during the great recession of 2008-2009, and with all that’s happened in the mortgage industry during this pandemic, we thought it’d be wise to take some time to understand what took place during those challenging months in order to better understand the future.
As 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.
Want to know more about Joe Murin?
Joseph J. Murin is currently an advisor to Ainsworth Advisors. He is also the Chairman Emeritus of Chrysalis Holdings LLC and the Chairman of JJAM Financial Services LLC. 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. ANC specialized in the areas of mortgage lending, mortgage servicing, asset-based lending, compliance, and analytics. He is the former Chairman and Co-founder of The Collingwood Group LLC. The Collingwood Group’s 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.
Mr. Murin brings more than 40 years of diverse experience in the financial services, mortgage, and banking industries and experience that included the position of CEO of several large financial organizations. He and his wife, Angela, reside in Pittsburgh and have two daughters and five grandchildren.