A confluence of unfavorable market conditions, outmoded products, and bushels of red tape have sent Ginnie Mae’s share of total MBS issuance spiraling in recent years, but agency executives have vowed to do whatever is necessary to reclaim a bigger role in the secondary market. Out in front of this effort is a new program that would increase efficiency and profits for lender issuers in the Ginnie program. According to the Bush administration’s newest semiannual…