Ginnie Mae, the government corporation that helps make mortgages available to the public, has officially launched its first social bond labeled investment offering. In an interview, Ginnie Mae President Alanna McCargo stated that this investment offering is a first for the industry, as its mission is to help increase homeownership for all Americans to have the hit the public objectives related to health, education, housing, job opportunities, and more.
This investment offering by Ginnie Mae is a reflection of its commitment to serve all members of the public, and is a significant accomplishment for the company. It was designed to promote the positive economic, environmental, and social impact of increasing home ownership. Additionally, the investment product has been worked on in collaboration with superintendents from State & Territory housing finance agencies and other industry experts.
Key Points:
• Ginnie Mae launches its first social bond labeled investment offering
• Ginnie Mae President Alanna McCargo is excited about the advancement
• This investment offering promotes the positive economic, environmental and social impact of increasing home ownership
• Product was worked on in collaboration with superintendents from State & Territory housing finance agencies and other industry experts
You can read this full article at: https://www.housingwire.com/articles/ginnie-mae-announces-expansion-of-esg-mbs-label-to-single-family-pools/(subscription required)
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