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Home » Store » Taxable » Proponents, Critics Face Off on Ginnie Mae Choice Bills, Agency Could Gain Foothold in Fannie, Freddie Market

Proponents, Critics Face Off on Ginnie Mae Choice Bills, Agency Could Gain Foothold in Fannie, Freddie Market

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Battle lines are being drawn within the mortgage financing industry over legislation that would give Ginnie Mae a sphere of influence in the secondary mortgage market that traditionally has been ruled jointly by Fannie Mae and Freddie Mac. Bills introduced late last week by Rep. Marge Roukema, R-NJ, chairwoman of the House Financial Services Subcommittee on Housing and Economic Opportunity, and Sen. Wayne Allard, R-CO, are expected to pit private mortgage insurers and some large
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