The head of Ginnie Mae said the agency is trying to “triage” its application problem after finding out that over the past year it could approve less than half of all applicants — and that several of those who received a green light have yet to issue any securities.

“We really want a large issuer base,” Ginnie Mae president Ted Tozer told attendees at the Mortgage Bankers Association's (MBA) National Secondary Market Conference Monday in New York.

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