Taxpayers On The Hook For Ginnie Mae's Rampant Growth | Visit …
HUD Inspector General Kenneth Donohue said Ginnie Mae is too accommodating of problem lenders , adding that the agency has place its highest priority on ensuring that money is pumped into the mortgage market. … When Lend America, based on Long Island, NY, was approved as a Ginnie Mae issuer in June 2008, there were already reasons for caution
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Taxpayers On The Hook For Ginnie Mae's Rampant Growth | Visit …
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Meanwhile, the agencies used to facilitate this accounting shell game -- Fannie Mae, Freddie Mac, Ginnie Mae, etc. -- are choking on worthless mortgage contracts and generating ever more new toxic mortgage paper. ...... repeatedly violated your constitutional rule of law, legalized torture, drove your economy into the ground, sold-out your middle class to corporate interests, openly committed war crimes, permitted rampant FRAUD to permeate every aspect of American life ...