Ginnie Mae expects to make it through September without having to shut down its securitization program."Based on current market conditions, it is anticipated that we will be able to make it through the end of September," a Ginnie Mae official said Wednesday. Ginnie Mae started rationing commitments in July because of concerns it could run out of commitment authority before the end of the fiscal year, which ends Sept. 30. Some Ginnie Mae issuers have had their commitment requests pared down, but now it looks as if the rationing program will be successful and the Ginnie Mae securitization program will not be disrupted. Congress is expected to renew Ginnie Mae's commitment authority by Oct. 1.
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