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Home » Store » News » Audit Finds Weaknesses in GNMA Internal Controls

Audit Finds Weaknesses in GNMA Internal Controls

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An inspector general audit found Ginnie Mae has several control weaknesses, and the agency is making improvements to decrease the likelihood of uninsured loans being placed in its pools. The Office of the Inspector General initiated the review because a recent investigation of a defaulted issuer found weaknesses in Ginnie Mae’s internal controls. The IG performed the audit between July 2001 and December 2002 to determine whether the
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