Prodding Ginnie Mae into issuing Real Estate Mortgage Investment Conduits, as the Clinton administration and the Congress is doing, will help the entire mortgage securities market, a top Freddie Mae official believes.

For example, Michael R. McCabe, director of securities marketing for the Federal Home Loan Mortgage Corp., said last week that issuance of Remics by Ginnie Mae will give "investors more choices in the security they can invest in."

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