TITLE

Ginnie MBS Issuance Rises, But Profit Falls

PUB. DATE
November 2009
SOURCE
American Banker;11/11/2009, Vol. 174 Issue 204, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses fiscal year 2009 results for the Government National Mortgage Association (GNMA). Although the firm provided guarantees to record volumes of mortgage-backed securities, net income fell by over 49%. GNMA also finished the year with over $26 billion in single-family loans, due largely to defaults.
ACCESSION #
45137318

 

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