Ginnie Mae's President resigns after 1 year on Job

Aug. 13 (Bloomberg) -- Joseph Murin, the president of government-run mortgage bond insurer Ginnie Mae, will step down tomorrow after about 13 months on the job, according to two people familiar with his plans. Murin, who joined Ginnie Mae on July 1, 2008, plans to pursue private business opportunities, according to the people, who asked not to be named because an announcement has yet to be made. Before becoming Ginnie Mae’s president, Murin was...