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

This database contains information about Ginnie Mae’s Multifamily mortgage-backed securities at the security and loan level. To use the database, you must have certain information about multifamily pools: pool number, CUSIP number, FHA case number or RD case number, Pool type, or issuer number.

Several mortgage industry veterans with ties to the reverse mortgage market joined corporate consultancy Ainsworth Advisors’ team this month. Among the new additions to Ainsworth’s panel of consultants are Marc Helm, former Reverse Mortgage Solutions, Inc. president and CEO, former Ginnie Mae president Joseph Murin.

The Senate Banking Committee earlier today held a hearing to examine nominees for two key HUD positions: Michael Bright to serve as President of Ginnie Mae and Rae Oliver Davis to serve as HUD’s Inspector General (IG). While both nominees appeared to enjoy bipartisan support, several Committee Democrats questioned Bright’s views on housing finance reform.

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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.

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.

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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.