Although Ginnie Mae saw its profits fall by almost 50% for the fiscal year ending in September, agency president Ted Tozer said the government guarantor has enough cash reserves to handle any potential losses.

“Our reserves are fine,” Ginnie Mae president Tozer told ASR sister publication National Mortgage News in an interview.

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.