India, Dec. 19 -- To boost homeownership among low- and middle-income families across India, IFC is investing up to INR 3 billion (approximately US$30 million) in Residential Mortgage-Backed Securities (RMBS) issued by Grihum Housing Finance Limited ('Grihum'), an affordable housing finance company. The issuance is designed to catalyze private capital for affordable mortgage lending while advancing India's RMBS market.RMBS instruments are securities backed by pools of retail residential mortgages. They allow housing finance providers to convert loan cash flows into tradable securities, giving them access to market-based, longer-tenor funding, while also enhancing affordability for end-customers and broadening investor participation.This is ...