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Joseph J. Murin<br />

Joseph J. Murin was sworn in as President of the Government National <strong>Mortgage</strong> Association<br />

(Ginnie Mae) on July 1, 2008. Nominated by President George W. Bush and confirmed<br />

unanimously by the Senate, Murin will oversee Ginnie Mae’s mission to make affordable<br />

housing a reality for millions of low- and moderate-income households across America.<br />

Mr. Murin brings more than 35 years of diverse experience in the mortgage and banking<br />

industry to the U.S. Department of Housing and Urban Development. Prior to his<br />

appointment, Mr. Murin led the strategic direction of <strong>Mortgage</strong> Settlement Network, LLC. As<br />

Managing Partner, he was the driving force behind the company’s long-range plans and<br />

objectives. Mr. Murin sold <strong>Mortgage</strong> Settlement Network, LLC as of August 31, 2007.<br />

Prior to establishing <strong>Mortgage</strong> Settlement Network, LLC, Mr. Murin served as President and<br />

Chief Operating Officer and later Chief Executive Officer of Basis100, a Toronto-based<br />

technology company, which is responsible for the development of the Canadian Bond Trading<br />

system, as well as the current Automated Property Valuation (AVM).<br />

He also has significant experience on the trading and lending side of the industry. Before<br />

Basis100, Mr. Murin led the transformation of Lender’s Service, Inc. (LSI) from an appraisal,<br />

title, and closing management company to a provider of new technologies and business<br />

solutions for the national marketplace. LSI was later sold to Merrill Lynch, where Mr. Murin<br />

served as CEO upon the recapitalization of LSI in 1998.<br />

Mr. Murin began his career with Pittsburgh National Bank, now PNC Bank, in the early 1970s<br />

as a loan officer. From 1979 to 1982, he served as President of Murin Brothers, Inc., a<br />

family-owned business, which built single-family residential and multifamily housing<br />

primarily for low- and moderate-income families.<br />

Mr. Murin received his degree in business from National Louis University. Currently, he<br />

serves on the Board of Point Park University in Pittsburgh, PA.<br />

He and his wife, Angela, will reside in the Washington Metropolitan area. They have two<br />

married daughters and three grandchildren.

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