The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae on Friday signed a memorandum of understanding (MOU) with a South Korean housing finance authority, with the goal of increasing investment in U.S. agency mortgage-backed securities.

The agreement, signed with the Korea Housing Finance Corp. (KHFC), “underscores a shared commitment to expanding access to affordable housing, cultivating innovation, and supporting residential development,” according to HUD.

It establishes a framework for “identifying and removing barriers to public and private capital flows into housing finance systems, with an emphasis on long-term, stable investment.”

The MOU comes amid tariffs that President Donald details ⇒

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