The Department of Housing and Urban Development (HUD) and Ginnie Mae signed a memorandum of understanding (MOU) with the Korea Housing Finance Corporation (KHFC) to encourage cross-border investment and collaboration between the US housing finance system and South Korean institutional investors.
According to HUD, current South Korean holdings include approximately $37 billion in agency mortgage-backed securities and debt, and $122 billion in US Treasury securities. The MOU is designed to identify and remove barriers to public and private capital flows into housing finance systems, with an emphasis on long-term, stable investment.
“This partnership reflects HUD’s unwavering commitment to expanding strong, affordable housing opportunities for the American people,” said HUD Secretary Scott Turner in a statement. “Working strategically with our South Korean allies, we are expanding the global understanding of American housing finance, while increasing capital flows in the United States, strengthening our domestic capital markets, and unlocking strategies to benefit American borrowers. This agreement signals that, under President Trump’s leadership, our allies are ready and willing to do business in America again.”
KHFC President and CEO Kyung Hwan Kim added, “This partnership marks an important step toward closer collaboration between Korea and the United States in the field of housing finance. By sharing knowledge and best practices, we hope to strengthen the resilience and inclusiveness of our respective housing finance systems. KHFC remains committed to building a more financially sustainable future for all.”
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