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Watchdog: Ginnie Mae wasn’t ready for nonbank mortgage lending boom 

Sep 25, 2017By

Over the last few years, Ginnie Mae experienced a significant shift in its business, with its share of nonbank originations rising from 11% in 2011 to 75% this year. But, according to a new report from a government watchdog, Ginnie Mae was not prepared for the rise of nonbank mortgage lending and “did not adequately respond” to the changes in its lender base.

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