(Bloomberg) -- The U.S. is urging China's central
bank to buy more mortgage-backed securities after a surge in
defaults by risky borrowers in the world's largest economy eroded
demand for such instruments.
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 mortgage
association under the Housing Department. Its securities are
guaranteed by the U.S. Government National Mortgage Association.
Read more at Bloomberg Bonds News
bank to buy more mortgage-backed securities after a surge in
defaults by risky borrowers in the world's largest economy eroded
demand for such instruments.
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 mortgage
association under the Housing Department. Its securities are
guaranteed by the U.S. Government National Mortgage Association.
Read more at Bloomberg Bonds News
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