(Bloomberg) -- The Bush administration is urging
China's central bank to buy more government-backed mortgage bonds
in an effort to sustain financing for U.S. home loans.
U.S. Department of Housing and Urban Development Secretary
Alphonso Jackson is in Beijing to persuade the Chinese central
bank to buy more securities from Ginnie Mae, a corporation under
HUD that guarantees $417 billion in federally insured, fixed-rate
mortgages.
Read more at Bloomberg Bonds News
China's central bank to buy more government-backed mortgage bonds
in an effort to sustain financing for U.S. home loans.
U.S. Department of Housing and Urban Development Secretary
Alphonso Jackson is in Beijing to persuade the Chinese central
bank to buy more securities from Ginnie Mae, a corporation under
HUD that guarantees $417 billion in federally insured, fixed-rate
mortgages.
Read more at Bloomberg Bonds News
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