Former GNMA Chief Joe Murin Will Lead Reverse Lender

Published September 11, 2012, 1:13 p.m. EDT

Updated September 11, 2012, 1:28 p.m. EDT

1 Min Read

NewDay USA, a nationwide reverse mortgage lender, Tuesday named former Ginnie Mae president Joseph Murin as its new president and chairman.

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Murin, who is presently vice chairman of The Collingwood Group, a Washington consulting firm, replaces departing chairman Paul Thompson III, who remains on the company’s board.

NewDay is a subsidiary of Chrysalis Holdings LLC, a private investment firm based in Fulton, Md.

About a year ago Murin stepped down as chairman of Collingwood and became less involved in the day-to-day business of the firm. Collingwood is an LLC which employs about 35 full-timers.

Besides serving as president of NewDay, he will be chairman of Chrysalis as well.

Murin served as GNMA president in both the Bush and Obama administrations.

He also co-founded the Collingwood Group.

Paul Muolo

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