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

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Ginnie Mae Fills the Private-Lending Gap. The steep financial downturn of recent years has produced dramatic changes in the U.S. housing market. As private investment in home mortgages has declined – due in large measure to investor reticence – the public sector’s role has expanded to help take up the slack.

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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14:40 ET Subscribe to our weekly e-newsletter, Top News. Ginnie Mae should be separated from HUD, former Ginnie president says. The former head of Ginnie Mae says it is time to put some distance between the housing-securities insurer and its current parent, the U.S. Department of Housing and Urban Development (HUD).

In Fitts’ case, her firm was the lead financial advisor. hud loan sales program was rigged in favor of large Wall Street bidders. No evidence of this has surfaced before or since Ervin’s suit was.

Join the ginnie mae team. See Our Latest Jobs. May 1, 2015. Ginnie Mae Logo. Compensation and Benefits. Senior Management. Former Employee. Glassdoor has 3 Ginnie Mae reviews submitted anonymously by Ginnie Mae employees. Read employee reviews and ratings on Glassdoor to decide if Ginnie.

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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Welcome to another edition of our series, A Day in the Life, which introduces you to HUD employees and highlights the important work they do. Today we meet Harlan Jones, Senior Account Executive, Team Lead in the Office of Issuer Portfolio Management – Single-Family at Ginnie Mae.

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.

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