Ginnie MBS Issuance Rises, But Profit Falls

November 2009
American Banker;11/11/2009, Vol. 174 Issue 204, p6
Trade Publication
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.


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