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Volume 2 - Number 14

July 2, 2009

IG Has Concerns About Integrity of Ginnie Mae

Federal auditors are increasingly concerned about the rising volume of FHA mortgage originations and the participation of hundreds of new lenders in the Ginnie Mae mortgage-securities program. In testimony on Capitol Hill recently, Inspector General for the Department of Housing and Urban Development Kenneth Donohue told lawmakers that the surge in Ginnie business has exposed...

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