- HFA NewsOctober 17, 2014
Rocky Hill, Conn., October 17, 2014 – The Connecticut Housing Finance Authority (CHFA) completed a successful offering of $158 million in Tax Exempt Bonds on October 15, 2014. The offering was oversubscribed, generating more than $412 million in orders in two days. A significant percentage of the orders, or $99 million, came from retail and institutional investors in Connecticut, who are familiar with CHFA’s financial strength and track record. Proceeds from the sale of these bonds will be used to finance the Authority’s single-family mortgage program.
- HFA NewsOctober 17, 2014
WATFORD CITY, ND - McKenzie County Healthcare Systems, Inc. and North Dakota Housing Finance Agency (NDHFA) broke ground today for a development that will provide affordable housing for essential medical personnel.
- HFA NewsOctober 9, 2014PHFA: Governor Corbett Announces $9.3 Million Awarded to Local Organizations in 29 Counties to Improve Housing
Harrisburg – Governor Tom Corbett today announced that the Pennsylvania Housing Finance Agency (PHFA) approved $9.3 million for 45 housing programs and projects improve the availability and affordability of housing in 29 counties.
- Blog PostOctober 30, 2014
A report released earlier this week by Standard and Poor's Rating Services (S&P) finds that State HFA single-family whole loan delinquencies declined again in the second quarter of 2014 to their lowest level since the third quarter of 2009. The report, which examined 32 HFA single-family whole loan bond programs (and the program run by the California Department of Veterans Affairs), predicts that state HFA loan performance will continue to perform strongly enough so as to not risk a ratings downgrade for any HFAs.
- Blog PostOctober 29, 2014
State HFAs' single-family portfolio performance continued to improve in the second quarter of 2014, Moody's reported in a recently released special comment. The comment says HFA loan delinquencies declined more than 4 percent in the last year. Moody's predicts that this improvement will continue and will reduce HFAs' loan losses moving forward.
- Blog PostOctober 24, 2014
Earlier today, five federal agencies released a proposed rule that would amend several regulations pertaining to flood insurance requirements for borrowers living in homes in special flood hazard areas. Specifically, the proposal would require federally regulated lenders to escrow premiums and fess for borrowers’ flood insurance for all residential loans that are originated or refinanced as of 2016. In addition, borrowers in special flood hazard areas would not have to purchase flood insurance coverage for structures that are on a residential property but are not attached to the home.
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