-A A +A

Finance

VHFA's 2011 Annual Report available online

Between July 2010 and June  2011, VH FA issued more than $3 billion in bonds to finance housing for low and moderate-income Vermont home buyers and renters, overhauled its Housing Data website, and increased the financing it provided for multifamily projects.

Vermont investors bolster success of recent VHFA bond sale

During our recent sale of single family bonds, Vermonters’ own investment decisions helped ensured the success of the deal and the continuation of low interest rate VHFA-financing to qualified home buyers.  These AAA-rated, tax exempt bonds, which also benefited from favorable interest rates in late November, totaled $12 million. 

Recourse for borrowers harmed during foreclosure

The Federal Reserve Board has announced that borrowers who think they may have been financially harmed in the mortgage foreclosure process in 2009 and 2010 can now request an independent review and potentially receive compensation. Servicers are required to compensate borrowers for financial injury resulting from deficiencies in their foreclosure processes. Below is a list of participating servicers.

VHFA reduces interest rates for home buyers

We are pleased to announce new lower mortgage interest rates for Vermonters purchasing homes through VHFA's mortgage programs.   As of Friday, September 30, 2011, the new interest rates are:

Rates for VHFA home loan mortgages drop to historic lows

VHFA lowered its home mortgage loan interest rates today to the lowest point in agency history.   As of Friday, August 12, 2011 the new rates are:

3.875% with 0 points for our government program

4.00% with .25 point  for our conventional MOVE program (4.012% APR with points)

VHFA lowers home mortgage loan interest rates

VHFA lowered our home mortgage loan interest rates today.

Our Government program — 30-year, 0 point, fixed rate — is 4.50% (4.50% APR).

Our Conventional program — 30-year, 0.25 point, fixed rate — is 4.625% (4.647% APR).

Read about VHFA’s home loan programs online. If you’re unsure which program might be right for you, we have a quick online quiz you can take to help.

 

VHFA multifamily mortgage bond rating returns to A+

Standard & Poor's Ratings Services raised its rating on VHFA's multifamily mortgage bonds  from 'BBB+' back to ‘A+’.   

"The upgrade is based on recent legislative changes that resulted in these bonds conforming with our moral obligation criteria," said Standard & Poor's credit analyst Henry Henderson. 

Read the Standard and Poor’s press release.

 

VHFA hiring for two finance positions

VHFA has two exciting job openings for a Director of Bond Financing and Investments and a Controller.

Read the job descriptions on our Web site and apply by July 29.

VHFA shines in A-133 audit of Federal awards programs

KPMG has completed VHFA's A-133 audit, and the Agency passed with flying colors.

KPMG's report on compliance for VHFA's major programs was "unqualified" — a positive reflection on the Agency — and it found no material weaknesses or deficiencies in VHFA's internal controls.

Furthermore, there were no findings or questioned costs related to VHFA's federal awards.

Moody's assigns VHFA bonds highest rating

Moody's Investors Services has assigned an 'Aaa' rating to VHFA's $6.71 million 2009 Series B multifamily bonds.

The rating indicates Moody's has determined the bonds are the highest quality with the smallest degree of risk.

The Agency is converting approximately $6.71 million of 2009 Series A bonds and re-designating it as 2009 Series B.

Pages

Subscribe to RSS - Finance