Home-loan securities guaranteed by Ginnie Mae are trading at about record premiums over Fannie Mae bonds as foreign investors target debt with the strongest backing from the U.S. and lenders including Bank of America Corp. seek notes considered the least risky by regulators. The price difference between U.S.-owned Ginnie Mae’s 4.5 percent, 30-year securities and similar debt from government- supported Fannie Mae has almost tripled this year to about 3 cents on the dollar, exceeding 3.1 cents last month, according to data compiled by Bloomberg.
BofA joins foreign investors fueling record Ginnie-Fannie gap in bonds
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.