Granting the chief financial officer additional oversight authority as proposed by House Republicans would be excessive for a relatively small agency such as Ginnie Mae, the agencys president told lawmakers. Testifying during a recent House subcommittee hearing on legislative proposals on FHA and Ginnie Mae reform, Ginnie Mae President Ted Tozer said that while he understands the committees concerns about the agencys financial condition, he believes the provision is not necessary. Among other things, the proposal would give Ginnie Maes CFO a greater hand in overseeing operations to ensure that the agency is not...