As major banks have pulled back from originating Federal Housing Administration single-family loans, nonbank mortgage lenders have become bigger players in the Ginnie Mae program.

In 2011, the three largest banks - Wells Fargo, JPMorgan Chase and Bank of America -- accounted for 68% of Ginnie Mae's mortgage-backed securities business. Today, nonbank mortgage lenders are responsible for 64% of Ginnie MBS issuance.

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