Buying delinquent FHA and VA loans back from Ginnie Mae mortgage securities and then resecuritizing them when they come current has been a profitable bonus for mortgage bankers in recent years, but federal banking regulators are preparing to change how this activity is reported in quarterly reports. The proposed changes to bank call report and thrift financial report filing instructions probably won’t have a major impact on the profitability of Ginnie Mae buybacks. Ginnie