Seeking Market Share Gains, Ginnie Mae Will Push Hard for Proposed Reforms of FHA Mortgage Biz
July 14, 2006
Aiming to reverse its sliding share of the mortgage securitization market, Ginnie Mae plans to push hard for reforms that could make the FHA’s single-family mortgage program more competitive – and create more loans for Ginnie to package into bonds. “The 800-pound gorilla is the FHA. Our fortunes are clearly aligned with the FHA’s fortunes,” said Robert Couch, the new president of Ginnie Mae, in an interview with Inside MBS & ABS. …