TITLE

Fitch: State HFA Assets and Debt Rise, Ending 2-Year Slide

AUTHOR(S)
Vadum, Matthew
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/30/2006, Vol. 355 Issue 32308, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that state housing finance agencies' (HFA) total assets and debts appear to be rising as of the end of fiscal 2005 in the United States. According to the study conducted by Fitch Ratings Inc., the states have turned a corner after two years of declining asset and debt levels. The state housing finance agencies have made their loan products more competitive in the marketplace through the rising interest rates. The study also showed a rapid increase in state HFA issuance of variable-rate debt for the past two fiscal years as a way for those agencies to meet investor preferences and offer more competitive mortgage rates.
ACCESSION #
19752214

 

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