Mr. Quinn issued the following statement.

"MBA is thrilled with the action the Senate has taken in confirming Mr. Murin for this critical position. Ginnie Mae is an extremely vital organization and requires a strong, knowledgeable leader. With over 35 years of mortgage and banking industry experience, Mr. Murin possesses the leadership skills and extensive mortgage market knowledge needed to effectively guide Ginnie Mae through the current market environment. It is his thorough understanding of this dynamic mortgage market that makes him an excellent choice for President of Ginnie Mae.”

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 370,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site:  www.mortgagebankers.org.