Out of Sync?

April 2005
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p38
The article reports that questions about the Federal Housing Administration's (FHA's) efficacy in meeting national housing goals came into question again this year as its lender base fled in droves to the conventional market and borrowers followed suit. The resulting market share declines at FHA and Government National Mortgage Association (Ginnie Mae) fueled open debate about a disconnect between the federal government's key vehicle for achieving its mission: FHA loan production securitized by Ginnie Mae. The idea of merging Ginnie Mae and the FHA is another notion that is not new. A merger of sorts might make good business sense, but whether it would make good political sense is less certain.


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