05 NOV 2019|Sector In-Depth|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|Sector In-Depth|MOODY'S INVESTORS SERVICE
A resurgence in state housing finance agencies' bond-funded loan originations will continue to improve their balance sheets well into next year, providing a more stable revenue source.
State housing finance agencies – US: Continued rise in bond issuance bolsters HFA balance sheets, a credit positive
17 OCT 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Bond issuance by state (HFAs) has grown significantly in 2019 and is likely to end the year at another post-recession high. The continued rise in HFA bond issuance is credit positive.
Mortgage Insurance – US: US housing finance reform plans have limited impact on private mortgage insurers
13 SEP 2019|Sector Comment|MOODY'S INVESTORS SERVICE
The US housing finance reform proposals, if enacted, are not expected to have a significant impact on the business or financial profiles of the private mortgage insurers.
Housing finance agencies – US: HUD's expansion of rental assistance program will bolster HFA multifamily loan production
10 SEP 2019|Sector Comment|MOODY'S INVESTORS SERVICE
The program will increase multifamily loan production for housing finance agencies, boosting to their margins and balance sheet growth.
Financial Institutions and RMBS – United States: Recommended housing reforms would be credit negative for GSEs, open opportunities for other lenders
06 SEP 2019|Sector In-Depth|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
State housing finance agencies – US: Federal Housing Administration’s new condo approval process is positive for HFAs
21 AUG 2019|Sector Comment|MOODY'S INVESTORS SERVICE
FHA issued new guidelines aimed at relaxing the existing requirements for FHA-insured loan eligibility for condominiums which benefits state housing finance agencies.
30 JUL 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Continuing job and wage growth – although slowing – will support consumption and bolster economic growth.
Boston, San Francisco and Seattle : Thriving cities are tackling affordable housing shortages, limiting credit risks
28 JUN 2019|Issuer In-Depth|MOODY'S INVESTORS SERVICE
Favorable demographic profiles are contributing to the credit strength of Boston, San Francisco and Seattle. The cities are facing affordable shortages and taking steps to address them.