U.S. Public Finance Report Card: State Housing Finance Agencies' Single-Family Programs Stabilize Despite Setbacks Mar 12
Standard & Poors, March 2012
Abstract
Depressed real estate markets and a stagnant economy, along with the downgrade of the U. S., have stressed the ratings on housing finance agency (HFA) bonds backed by single-family dwellings. But despite deteriorating loan quality, Standard & Poor's Ratings Services' overall view of these bonds is that they are stable. The overall strength of HFA ratings is supported by a trend toward more conservative bond portfolios due to redeeming or refunding variable-rate debt, issuing more fixed-rate debt, and financing more loan assets that receive federal support through mortgage insurance or that are packaged in U.S. mortgage-backed securities. In the past 18 months, Standard & Poor's has taken one positive rating action and eight negative rating actions on the 43 single-family...
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Research Type: Commentary
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- Kentucky Hsg Corp
- Connecticut Hsg Fin Auth
- Colorado Hsg & Fin Auth
- California Dept of Vet Affairs
- Maine St Hsg Auth
- Massachusetts Hsg Fin Agy
- New Mexico Mtg Fin Auth
- North Carolina Hsg Fin Agy
- Missouri Hsg Dev Comm
- New Jersey Hsg & Mtg Fin Agy
- Montana Brd of Hsg
- Minnesota Hsg Fin Agy
- Utah Hsg Corp.
- Vermont Hsg Fin Agy
- Virginia Hsg Dev Auth
- Wyoming Comnty Dev Auth
- Tennessee Hsg Dev Agy
- Texas Dept of Hsg & Comnty Affairs
- Rhode Island Hsg & Mtg Fin Corp
- Pennsylvania Hsg Fin Agy
- Alaska Hsg Fin Corp
- California Hsg Fin Agy
- Georgia Hsg and Fin Auth
- Illinois Hsg Dev Auth
- Florida Hsg Fin Corp
- Nebraska Invest Fin Auth
- Nevada Hsg Div
- Wisconsin Hsg & Econ Dev Auth
- South Dakota Hsg Dev Auth
- West Virginia Hsg Dev Fd
- Arkansas Dev Fin Auth
- Iowa Fin Auth
- Genworth Mortgage Insurance Corp.
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