Ginnie Mae Passes Freddie Mac in Outstanding MBS, but Still Lacks a Permanent President

A report by Inside Mortgage Finance found that Ginnie Mae increased its single family MBS portfolio by 2.2 percent in past three months to reach $1.705 trillion, in turn passing Freddie Mac's $1.703 trillion portfolio to become the second largest holder in the world. Over the same period, Freddie Mac increased its portfolio by 0.7 percent, accounting for the difference between the two. According to Ted Tozer, the former chief of Ginnie Mae, the agency will most likely have more than $2 trillion outstanding on its books by the end of the year.

Another article from Inside Mortgage Finance also notes that Ginnie Mae still does not have a permanent president. Two rumored leaders for the position are Nancy Corsiglia, a career Ginnie official and acting president, and David Kittle, president of the Mortgage Collaborative.

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