- Language: English
- 104 Pages
- Published: January 2011
- Region: Turkey
Hawaii Housing Community Development Corp's Single Family Mortgage Bond Rating Affirmed Dec 99
- Published: December 1999
- Region: Hawaii
- Standard & Poors
SAN FRANCISCO (Standard & Poor's CreditWire) Dec. 17, 1999-- Standard & Poor's today affirmed its double-`A' rating on Hawaii Housing Community Development Corp.'s $593.79 million single family mortgage bonds. The outlook is stable. The rating reflects: -- Improving asset quality; -- Reserves sufficient to cover potential credit and liquidity shortfalls; -- Continued cash flow performance; and -- A good investment portfolio. The indenture's mortgage portfolio at June 30, 1999, consisted of loans guaranteed for full and timely payment by Fannie Mae MBS (87%), with the remainder FHA-insured (7%) or conventionally insured (6%). Standard & Poor's anticipates a continued strengthening of the indenture's asset base as conventionally insured mortgages pay off and are replaced by triple-'A' eligible MBS purchased with proceeds...
Companies mentioned in this report are: Hawaii Hsg Comnty Dev Corp
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Hawaii Hsg Comnty Dev Corp