Ginnie Mae president Kevin G. Chavers wants his agency to play a central role in getting a new type of mortgage security off the ground next month.

Fasits, or financial asset securitization investment trusts, "are a way to expand the range of offerings in the mortgage securities market," Mr. Chavers said in an interview. "Over the last 25 years mortgage securities have helped expand the supply of mortgage money by attracting investment capital" through Wall Street.

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