The Washington Post says participation in the federal government's foreclosure relief program is low.
The article, published Friday using figures released by the U.S. Department of the Treasury the day before, says just 4 percent of homeowners in the Making Home Affordable program have proceeded past the trial period to achieve a permanent loan modification.
Moody's Investors Service has assigned a rating of "Aaa" to VHFA's $102 million mortgage revenue bonds (Mortgage Backed Securities Program) Series 2009A (escrow bonds).
It rated our $23 million HFA Initiative Multifamily Bonds, 2009 Series A (taxable), "Aa2."
Moody's long-term obligation ratings, for investment- and speculative-grades, work on a 21-grade scale. "Aaa" is the highest; "Aa2" is the third highest.
Housing Matters wanted to thank Matthew St. Peter, a Champlain College senior who spent the last few months interning at the Agency.
His last day with us was yesterday.
Matt spent time in just about every department at VHFA learning the ropes and contributing to the workflow.
Thanks for the help, Matt, and good luck!
The U.S. Department of Housing and Urban Development (HUD) has started publishing information regarding the physical condition of public housing and multifamily units.
The data can be downloaded state-by-state as PDF documents, or nationwide as a comma-delimited text file at the HUD site.
The initiative is part of President Obama's initiative of making government more open and transparent.
HUD's Real Estate Assessment Center conducts 20,000 inspections each year of properties owned, insured or subsidized by HUD, including public housing and multifamily assisted housing.