The overall flow of cash into mutual funds largely made up of mortgage securities from the Government National Mortgage Association decreased considerably in August 2000, the latest month available.

According to the Investment Company Institute, Ginnie Mae mortgage funds lost $354.8 million in new sales for August, compared to a loss of $106.7 million in sales for July and a gain of $685.9 million in August 1999.

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.