The overall flow of cash into mutual funds largely made up of mortgage securities from the Government National Mortgage Association decreased considerably in November 1999, the latest month available.

According to the Investment Company Institute, Ginnie Mae mortgage funds lost $306.9 million in new sales for November, compared to a loss of $224 million in sales for October and a gain of $184 million in October 1998.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.