Joseph Murin, the president of the Government National Mortgage Association, said he is interested in exploring rent-to-own arrangements to clear a glut of foreclosures.

Murin said last week that he suggested the idea to former Housing and Urban Development Secretary Steven Preston and would take it up with the current secretary, Shaun Donovan, in a meeting this week. (Ginnie is part of HUD. So is the Federal Housing Administration, which insures most of the loans underlying Ginnie's securitizations.)

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