George S. Anderson is on a mission to reinvent Ginnie Mae, the 31-year-old arm of the Department of Housing and Urban Development that fosters securitization of home loans to low- and moderate-income borrowers.

The 55-year-old economist and Ginnie Mae executive vice president, who has run the organization since the politically-appointed chairman, Kevin Chavers, left in 1998 for a private-sector job, says Ginnie must reposition itself to compete in an increasingly crowded market.

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