Former exec from HUD’s Ginnie Mae program joins Ainsworth Advisors

The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership.As a wholly owned government corporation within the Department of Housing and Urban Development (HUD), Ginnie Mae’s mission is to expand affordable housing finance in America by linking domestic and global capitalization to the nation’s housing finance.

The Ginnie Mae I program permits lenders to issue securities backed by pools of single family, multifamily, and manufactured housing loans where the interest rate is the same for each loan in the pool. The lender decides to whom to sell the security and then submits the documents to Ginnie Mae’s pool processing agent.

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Overview: An agency within the U.S. Department of Housing and Urban Development (HUD), the Government National Mortgage Association (GNMA or "Ginnie Mae") was designed to support the government’s housing programs by creating a secondary market to buy and sell residential mortgages.

Michael Bright is the executive vice president and chief operations officer at Ginnie Mae. Prior to HUD Mr. Bright was director of financial markets for the Milken Institute’s Center for Financial Markets. Maren Kasper is Ginnie Mae’s executive vice president, having previously served as senior advisor in the Office of the Secretary.

John Ralston Jon Ralston is a political print and broadcast journalist based in Las Vegas, Nev. He has covered nevada state politics for over 30 years, publishing a book on the subject called The Anointed One in 2000. He has also received 10 awards from the Nevada State Press Association and Politico mentioned him as part of its 2012 "50 politicos to watch: Swing-state media players" list.

Ex-Ginnie Mae President Joseph Murin is among several industry veterans joining Ainsworth Advisors, a consultancy run by former mortgage banker David Lykken and former Texas Capital bank executive gary ort. Others joining Ainsworth include Marc Helm, the former president and CEO of Reverse Mortgage Solutions.

Shares of common stock held by each executive officer and director and by each person known to the Company who beneficially owns more than 5% of the outstanding common stock have been excluded in that.

The firm is led by Joe Murin, former President and CEO of Ginnie Mae, and Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner. Both played major roles in the federal governments efforts to address the nations financial crisis and restore stability and liquidity to financial markets.

About HUD program offices resources contact Us Informacin en Espaol. HUD.GOV. Search. search. nav. home. ginnie mae ; Housing. PPM V2.0 User Guide to Preparing and Signing the HUD Signature Form.