Saturday, November 7, 2009

HFA Bond Program Reportedly Over Subscribed; Deadline for Release Of Requested Amounts Apparently Missed.

Bond Buyer story via National Mortgage News is HERE.

Prior guidance had been that HFA participation amounts would be released this week; as of Saturday 11 AM Eastern time those amounts are no where to be seen on Treasury or NCSHA websites. If Treasury missed their own stated date for release of requested amount and if future stories confirm that requested amounts were cut back, this could erode the credibility of the program.

Originally created and posted on the Oregon Housing Blog.

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