Ginnie Mae Profit Almost Doubles in FY 2011

Ginnie Mae reported a $1.2 billion profit from its secondary market operations in fiscal year 2011 — up 84% from FY 2010 — due to lower loss provisioning.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_472/ginnie-mae-earnings-1027395-1.html

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