• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Bexar Cnty Hsg Fin Corp, TX; Revenue - Housing, FNMA Collateral Agreement Dec 98 Product Image

Summary: Bexar Cnty Hsg Fin Corp, TX; Revenue - Housing, FNMA Collateral Agreement Dec 98

  • Published: December 1998
  • Standard & Poors

Abstract
The rating on Bexar County Housing Finance Corp., Texas' bonds has been revised based on the remarketing of the issue to a fixed rate of interest. The fixed rate will remain in effect until the maturity of the bonds. FNMA continues to provide credit to this issue through their collateral agreement and will pay missed mortgage note payments if the borrower fails to pay on the first of each month. FNMA will pay the trustee by the interest payment date provided appropriate notice was submitted to FNMA. Except for the ability of FNMA to call a mandatory tender upon an event of default, the bonds will not be subject to mandatory or optional tender. The bonds are still subject to...

Companies mentioned in this report are: Bexar Cnty Hsg Fin Corp
Action: Rating Revised

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for READ MORE >

Bexar Cnty Hsg Fin Corp

Note: Product cover images may vary from those shown

RELATED PRODUCTS