Performance Watch: Japan Housing Finance Agency And Government Housing Loan Corp. Residential Mortgage-Secured Pass-Through Notes Mar 13
- Language: English
- Published: March 2013
- Region: Japan
On July 11, 2006, Standard & Poor's assigned its 'AA-' long-term credit rating to Government Housing Loan Corp. (GHLC). The outlook on the rating is positive. GHLC is the only government-supported entity (GSE) that specializes in housing loan operations. As part of a government policy to convert GSEs into independent administrative agencies, GHLC will be abolished in April 2007, and a new agency, the Housing Finance Services Agency (HFSA), will be established. The new agency will succeed the operations of GHLC, focusing on securitization support as its primary operation. GHLC has already shifted its business focus from direct lending to securitization. Its traditional mortgage lending operations will be abolished in March 2007, except for management and servicing of existing loans....
Companies mentioned in this report are: Japan Housing Finance Agency
Action: New Rating
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Japan Housing Finance Agency