10.11.2011 - Ginnie Mae passing Freddie Mac as second-biggest mortgage funder
For most of their existence, the government-sponsored mortgage companies Fannie Mae and Freddie Mac have been the nationís 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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