Ginnie Mae mortgage-backed securities issuance continued to rise through the first quarter of 2009 as lenders are riding the wave of ballooned FHA and VA lending. Ginnie issuance hit $88.58 billion in the first three months of the year, more than double the $39.25 number through the same span in 2008, according to the Inside Mortgage Finance MBS Database... [Includes one chart]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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