- Published: December 2013
- Region: Global
Summary: California Hsg Fin Agy; Housing, Single Family Whole Loan; Public Finance Structured, Insured Liquidity; Public Finance Structured, Liquidity Facility Nov 05
- Published: November 2005
- Region: California
- Standard & Poors
The 'AA-' rating on California Housing Finance Agency's (Cal HFA) home mortgage revenue bonds (HMRB) reflects: The high credit quality and continued strength and performance of the single-family mortgage loans, High-quality investments, Adequacy of reserves and resiliency of consolidated cash flow projections, and Cal HFA's pledge of its general obligation for credit and liquidity shortfalls of the indenture. The HMRB resolution is Cal HFA's primary financing vehicle for single-family mortgage programs for low- and moderate-income state residents. The portfolio of about 27,000 mortgage loans is performing well, compared to similar mortgages in the state, as a result of strong programmatic oversight by Cal HFA management and a broad-based California economy. The stable outlook for the long-term ratings on the HMRB...
Companies mentioned in this report are: California Hsg Fin Agy
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California Hsg Fin Agy