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Home » HFAs Consider Use of Ginnie Mae MBS as Collateral for Mortgage Revenue Bonds
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HFAs Consider Use of Ginnie Mae MBS as Collateral for Mortgage Revenue Bonds

February 24, 2012
State and local housing finance agencies are looking at ways to rekindle investor interest in single-family housing bonds, including the potential use of Ginnie Mae MBS as collateral for mortgage-related municipal bonds, according to the agency’s top executive. More housing finance agencies are considering returning to FHA and Ginnie Mae to take advantage of the government insurance and guarantee to boost their long-term, fixed-rate bonds at rates low enough for HFAs to continue offering affordable rate mortgage products, according to Ginnie Mae President Ted Tozer. As the municipal bond market...
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