Study Proposes Wider Role for Ginnie Mae

Monday, December 10, 2001 - 8:00am

A study released last week by Rep. Mark Green (R-Wis.) found that proposed legislation to allow Ginnie Mae a broader role in mortgage markets would revitalize the Federal Housing Administration (FHA) and give the FHA and Ginnie Mae net income gains of more than $200 million annually. The study, “An Analysis of Ginnie Mae Choice,” was written by economists Ann B. Schnare, former Vice President for Housing Economics and Financial Research at Freddie Mac, and Susan E. Woodward, previously chief economist and deputy assistant secretary at HUD, and examines the impact of House Resolution 3206 by Rep. Marge Roukema (R-N.J.), and Senate Bill 1620 by Sen. Wayne Allard (R-Colo.). For copies of the proposed legislation, click here.