Performance Watch: JHF And GHLC Residential Mortgage-Secured Pass-Through Notes Dec 11

Standard & Poors, December 2011

Abstract
This report is an update of the "Performance Watch: JHF And GHLC Residential Mortgage-Secured Pass-Through Notes" report that was published on May 16, 2011, on RatingsDirect on the Global Credit Portal. Standard & Poor's periodically publishes surveillance reports on the structured notes issued by Japan Housing Finance Agency (see note 1; JHF, formerly Government Housing Loan Corp. (GHLC); AA-/Negative/A-1+). In this report, we have added the performance data for the most recent nine-month collection period from December 2010 to August 2011. In this report, Standard & Poor's details the attributes and performance trends of the notes' underlying pools of loan receivables. We separately examine the following: The attributes and performance trends of the "overall series pool," which consists of all...

Companies mentioned in this report are: Japan Housing Finance Agency

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Japan Housing Finance Agency

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