Ginnie Mae's MBS program has experienced unprecedented growth the past two years and now the agency wants to nearly triple its allotment for salaries to $30 million, allowing it to hire additional staff while reducing its dependence on outside contractors.

The secondary market agency guaranteed $413 billion of MBS in fiscal year 2010 with a staff of 77 and a payroll of $11.1 million, including benefit expenses. All of Ginnie's operational costs, including salaries, are paid for through securitization fees.

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