Pressure is mounting on the Clinton administration and the Department of Housing and Urban Development to revitalize the Government National Mortgage Association so it can reduce its exposure to losses and develop new products.

The latest pressure comes from the General Accounting Office, which says Ginnie Mae must increase its staff so it can better monitor its issuers and expand its product offerings. The report also warned that Ginnie Mae's role in the marketplace could be affected by the staffing problems.

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