U.S. Department of Housing and Urban Development Secretary Shaun Donovan appeared on National Public Radio's "Weekend Edition" this Sunday. He discussed the Federal Housing Administration, disaster recovery and homelessness with NPR's Liane Hansen.
Season's Greetings from VHFA
Artwork by VHFA Loss Management Specialist Polly Thibault.
©2009 Polly Thibault
Design: Craig Bailey
Washington Post: Foreclosure relief participation low
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 rates VHFA bonds "Aaa" and "Aa2"
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.