Issuers can combine hurricane exposure for relief aid: Ginnie Mae

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Federal National mortgage association (fnma), commonly known as Fannie Mae, created in 1938 to establish a secondary market for mortgages insured by the Federal Housing Administration (FHA). Fannie Mae buys mortgages on the secondary market, pools them and sells them as mortgage-backed securities to investors on the open market.

An issuer may participate in the Ginnie Mae II MBS either by issuing custom, single-issuer pools or through participation in the issuance of multiple-issuer pools. Any one pool must consist of only one of the following mortgage types: – Single-family level payment mortgages (FHA, VA, or Rural Housing Service loans)

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may not cover all costs, as federal expenditures can be driven by policy goals or. Senior preferred stock purchase agreements with Fannie Mae and. 5GAO, Budget Issues: Budgeting for Federal Insurance Programs, Disaster Relief Fund to provide disaster relief assistance without.. Ginnie Mae.

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Ginnie Mae’s mortgage exposure is expected to top $1 trillion by the end of next year-or far more than double the dollar amount of 2007. (See the nearby table.) Earlier this summer, Reuters quoted Anthony Medici of the Housing Department’s Inspector General’s office as saying, "Who would have predicted that Ginnie Mae and Fannie Mae.

DALLAS – While the winds and rains of Hurricane Katrina did not strike Texas when she pummeled the Gulf Coast last year, the state found itself hit by a deluge of evacuees from storm-ravaged.

Fannie Mae, Gilead, and Freddie Mac earn the most profit for each employee of any company. Banks and pharmaceutical companies are all over the list, but those led by women CEOs are few and far.

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Cohen, Katherine Porter, John Rao, and Diane Thompson for their help in building. Servicing combines two distinct lines of business:. Defaulted loan administration, in contrast, can either be automated or hands-on. defaults, the Ginnie Mae issuer is required to purchase the loan out of the pool,. motion for relief.

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December 28, 2010 : Statement of Additional Information: This document contains additional information about the Fund and supplements information in the prospectus dated December