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» Even with a Slight Edge, Ginnie Mae Continues to Lose Traditional Customers to Subprime Lenders
Even with a Slight Edge, Ginnie Mae Continues to Lose Traditional Customers to Subprime Lenders
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A substantial increase in subprime mortgage volume and a parallel drop in Ginnie Mae issuance levels in the first half of 2004 suggest that subprime lenders are doing a good job luring borrowers away from FHA and VA lenders, one expert says.