Ginnie Mae executives are anxiously watching the congressional appropriations process to see if they can hire more personnel to beef up the agency's monitoring and risk management units.

Over the past four years, Ginnie has seen its mortgage-backed securities outstanding jump from $1 trillion to $1.5 trillion. But it still has a tiny staff of just 110 full-time employees. The secondary market agency depends on a lot of private contractors to augment its staff.

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