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State housing finance agency credit ratings stabilize

Posted by: Leslie Black-Plumeau on 4/4/2012

Credit ratings for the single-family programs of state housing finance agencies in the U.S. have stabilized, according to a report released on March 26 by Standard & Poor's (S&P).   Although these ratings had been stressed by the housing market downturn, the rating agency reported that the housing finance agencies' oversight and prudent standards have mitigated losses from delinquencies. 

Read more from the National Council of State Housing Agencies and Reuters.