--Amelia Granger

The level of involvement of Ginnie Mae and other government lenders in the mortgage market is too high and needs to start decreasing, Theodore W. Tozer, Ginnie Mae president, said in his keynote address at the ABS East conference in Miami, Fla., this morning. When an audience member asked whether Ginnie Mae was “suppressing private label issuance” – a common theme as investors fret over the unprecedented level of federal government involvement in the housing market – Tozer said he did not....

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