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Real Estate Briefing - Categorized | Mortgage, Performance more

Ginnie Mae passing Freddie Mac as second-biggest mortgage funder

Posted on 10 November 2011

For most of their existence, the government-sponsored mortgage companies Fannie Mae and Freddie Mac have been the nation’s largest backers of residential home loans. Now a distant cousin is challenging their reign.
So far this year, Ginnie Mae, a corporation wholly owned by the government that packages mortgages backed by the Federal Housing Administration and other agencies, has issued more mortgage bonds than Freddie Mac, making it the second-biggest funder of home loans………………………………………..Full Article: Source

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