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» Audit Shows Ginnie Finances in Good Shape, Though Economic Woes Have Taken a Toll
Audit Shows Ginnie Finances in Good Shape, Though Economic Woes Have Taken a Toll
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Independent auditors gave Ginnie Mae a clean annual check-up that showed no major deficiencies in a rapidly growing program that had to cope with some large issuer defaults in recent years. Ginnie’s loss reserves for the MBS program soared...