05 Nov 2019|Moody's Investors Service
Lack of affordable housing and rising homelessness are social and financial strains on many public finance issuers, posing credit risks associated with expenses, leverage and other factors.
04 Nov 2019|Moody's Investors Service
A resurgence in state housing finance agencies' (HFA) bond-funded loan originations will continue to improve HFA balance sheets well into next year, providing a more stable, recurring source of revenue versus loan sales in the secondary market.
State housing finance agencies – US: Continued rise in bond issuance bolsters HFA balance sheets, a credit positive
17 Oct 2019|Moody's Investors Service
Bond issuance by state housing finance agencies (HFAs) has grown significantly in 2019 and is likely to end the year at another post-recession high. The continued rise in issuance is credit positive because HFAs are adding to their balance sheets profitable mortgage assets that generating stable, recurring revenues which better match HFAs' expenses.
13 Sep 2019|Moody's Investors Service
Although the government’s proposals would limit the role of the federal housing finance agencies, the basic framework of the US mortgage financing system would remain intact under the proposals most likely to be implemented, which is a credit positive for private mortgage insurers.
Financial Institutions and RMBS – United States: Recommended housing reforms would be credit negative for GSEs, open opportunities for other lenders
06 Sep 2019|Moody's Investors Service
The Treasury’s recommended housing reforms could be credit negative for the GSEs due to the potential for reduced government support.The proposals could open opportunities for other lenders.