MBS Market Swings Ginnie’s Way as Federal Government Guaranteed Sector Trumps GSEs
November 14, 2008
Ginnie Mae last month became the top source of new mortgage-backed securities, edging past Fannie Mae and further distancing itself from a faltering Freddie Mac. The government agency announced that it issued $29.224 billion of new single-family MBS during October, a gain of 8 percent from the previous month during a period when the rest of the... [Includes one chart and one graph]