Copies of Official Statements (State Governments)

New Issue Bond Program and Temporary Credit and Liquidity Program

HFA Initiative Reporting Requirements.xls

Copies of Official Statements (State Governments)

OMB: 1505-0224

Document [xlsx]
Download: xlsx | pdf

Overview

Reporting
Notices&Certifications
Single Family
Multifamily - Multi Loan
Multifamily - Single Loan
Policy Outcome Metrics
Policy Outcome Metrics - MF


Sheet 1: Reporting

NOTE: THE REPORTING, CERTIFICATION AND NOTICE REQUIREMENTS SET FORTH HEREIN ARE REQUIREMENT OUTLINES AND NOT COMPREHENSIVE; THE ISSUERS AND THEIR COUNSEL SHOULD REFERENCE THE INDENTURE AND THE RELATED DOCUMENTS FOR A COMPLETE LIST OF THESE REQUIREMENTS AND THE REQUISITE DETAILS.



Financial Reports & Other Submissions State HFAs Local HFAs
Issuer Financial Statements Quarterly Annually1
Indenture Financial Statements Annually1 N/A
Secondary Market Disclosures Quarterly Annually1
Material events filings At occurrence At occurrence
Current counterparties (including, but not limited to, GIC providers, LOC providers and swap providers) and exposures Quarterly Annually1
Copies of Official Statements or any other disclosure documents w/in 30 days of issuance of debt payable from Indenture revenues As available As available
Most recent ratings letters and any rating report As available As available
Copies of presentations to rating agencies As available As available
Indenture Cash flow certificates As available As available
Trustee trial balance, or trial balance certified by the Issuer, setting forth amounts held in the revenue fund and all other accounts under the Indenture Quarterly Quarterly
Loan portfolio performance data (see "Single Family Indenture Reporting Requirements," "Multifamily Indenture Reporting Requirements - Multi Loan Pools," Multifamily Indenture Reporting Requirements - Single Loan," "Policy Outcome Metrics - Single Family" and Policy Outcome Metrics - Multi Loan Pools") Monthly Monthly
Any information for housing goals upon GSE request Upon request Upon request
Other data, as requested by GSEs, including loan level data if required for asset management/surveillance Upon request Upon request



1If available on a quarterly basis, please provide as well.


Sheet 2: Notices&Certifications

Certifications1 State HFAs Local HFAs
Certificate of Issuer stating that there is no default or Event of Default under the relevant documents (Indenture, Reimbursement Agreement, Placement Agreement, etc.) Quarterly Annual
Certificate of compliance with all Indenture covenants Quarterly Annual
For any withdrawal from the Indenture other than for ordinary and customary expenses, and to fund or reimburse the costs of programs sponsored by the Issuer, a certificate specifying the amount and purpose of the withdrawal At occurrence At occurrence
TCLF Only - Certification showing that it was uneconomical to convert to fixed rate during the prior year Annual Annual
Notices All HFAs
Any default or Event of Default under the relevant documents (Indenture, Reimbursement Agreement, Placement Agreement, or any other HFA Initiative document) At occurrence
The action(s) to be taken with respect to any such default or Event of Default At determination
Any default or event of default by Issuer or counterparty (including, but not limited to, GIC providers, LOC providers and swap providers) under a Related Document, but which is not an HFA Initiative document At occurrence
The action(s) to be taken with respect to any such default or event of default At determination
Any material increases in the collateralization requirements of the Issuer under the Hedge documents At occurrence
Any termination payments required by the Issuer under the Hedge documents At occurrence
Any resignation by or removal of Trustee, Remarketing Agent or Tender Agent received or given by the Issuer At occurrence
Any extraordinary payment or transfer of funds from Indenture At occurrence
Failure of Remarketing Agent, Tender Agent or Trustee to perform duties At occurrence
Litigation, administrative or other proceeding, legislation, business, or other development with material adverse affect on business or ability to perform under the documents At occurrence
Downgrade of bond or Issuer rating or placement on negative outlook by a rating agency At occurrence
Notice of change in counterparties, material changes in exposures or ratings of counterparties (including, but not limited to, GIC Providers, LOC providers and swap providers) At occurrence
Any changes to the Indenture relating to the Program Bonds At determination
Unscheduled draws on debt service reserves or credit enhancement At occurrence
Defeasances At occurrence
Release, substitution or sale of property securing repayment of Program Bonds At occurrence
TCLF Only - Notice of VRDO failed remarketings At occurrence



1Certification forms to follow


Sheet 3: Single Family

SINGLE FAMILY INDENTURE REPORTING REQUIREMENTS1






HFA Indenture Name XXX HFA Indenture Name XXX HFA Indenture Name XXX HFA Indenture Name
Report Date 05/01/10 06/01/10 07/01/10
New Indenture (yes / no)


Mortgage Loan Unpaid Balance (UPB)


MBS UPB


Number of loans


Delinq 30 Days (%)


Delinq 60 Days (%)


Delinq 90 Days (%)


Delinq 120 Days (%)


Delinq 60+ Days (%)


Delinq 90+ Days (%)


Bankruptcy (%)


Foreclosures (%)


REO (%)


Cum. Loss (%)


1 Month CPR


3 Month CPR


6 Month CPR


Combined LTV


30 Yr Fixed (Level Amortizing) %


% 2nd Lien


2003 and prior Vintage %


2004 Vintage %


2005 Vintage %


2006 Vintage %


2007 Vintage %


2008 Vintage %


2009 Vintage %


2010 Vintage %


FHA/VA %


RD %


MGIC %


PMI %


Other MI %


Trustee


Servicer(s)2


Loan Loss Reserve Fund Balance


Other Reserves


GIC Provider(s)2


GIC Amount(s)2


GIC Maturity(ies)2


GIC Rate(s)2


1Upon downgrade (Indenture or Issuer), more detailed information may be requested.


This could include loan level data tapes and on site access to the Issuer and senior management.


2Please add rows to include multiple Servicers or GIC Providers.



Sheet 4: Multifamily - Multi Loan

MULTIFAMILY INDENTURE REPORTING REQUIREMENTS - MULTI LOAN POOLS1






MF HFA Name XXX HFA Indenture Name XXX HFA Indenture Name XXX HFA Indenture Name
Report Date 05/01/10 06/01/10 07/01/10
Mortgage Loan Unpaid Principal Balance (UPB)


MBS UPB


Collateral CUSIPs


Delinq 30 Days (%)


Delinq 60 Days (%)


Delinq 90 Days (%)


Delinq 60+ Days (%)


Delinq 90+ Days (%)


Bankruptcy (%)


Foreclosure (%)


REO (%)


Cum. Loss


Weighted Average CLTV


Weighted Average DSCR


Avg Occupancy


Parity Ratio (Asset/Liability)


FHA %


Freddie %


Fannie %


Ginnie %


Trustee


Servicer(s)2


Debt Service Reserve Fund Balance


Other Reserve Balances


GIC Provider(s)2


GIC Amount(s)2


GIC Maturity(ies)2


GIC Rate(s)2


1Upon downgrade (Indenture or Issuer), more detailed information may be requested.


This could include loan level data tapes and on site access to the Issuer and senior management.


2Please add rows to include multiple Servicers and GIC Providers.



Sheet 5: Multifamily - Single Loan

MULTIFAMILY INDENTURE REPORTING REQUIREMENTS - SINGLE LOAN1






MF HFA Name XXX HFA Indenture Name XXX HFA Indenture Name XXX HFA Indenture Name
Report Date 05/01/10 06/01/10 07/01/10
Mortgage Loan Unpaid Principal Balance (UPB)


MBS UPB


Collateral CUSIPs


Delinquency Status


Bankruptcy / Foreclosure / REO2


Cum. Loss


Curr LTV


Curr DSCR


Curr Occupancy


Parity Ratio (Asset/Liability)


FHA / Freddie / Fannie / Ginnie2


Servicer(s)3


Debt Service Reserve Fund Balance


Other Reserve Balances


GIC Provider(s)3


GIC Amount(s)3


GIC Maturity(ies)3


GIC Rate(s)3


1Upon downgrade (Indenture or Issuer), more detailed information may be requested.


This could include loan level data tapes and on site access to the Issuer and senior management.


2Please indicate which (if any) applies


3Please add rows to include multiple Servicers and GIC Providers.



Sheet 6: Policy Outcome Metrics

Policy Outcome Metric: Single Family NIBP


For loans originated with Program Bond proceeds






Reporting Frequency: Quarterly.







From To
Reporting Date 1/1/2010 6/30/2010




Total Number of Mortgage Loans:






Average Loan Amount:






Range of Interest Rates (%) excluding Down Payment Assistance (DPA): Number of Mortgage Loans Total Original Principal Balance
3.5 - 3.75


3.75 - 4.00


4.00 - 4.25


4.25 - 4.5


4.5 - 4.75


4.75 - 5.0


5.0 - 5.25


5.25 - 5.50


5.50 - 5.75


5.75 - 6.0


6.0 - 6.25


6.25 - 6.50


Other






Down Payment Assistance (%) Number of Mortgage Loans Total Original Principal Balance Weighted Average Rate (%)
0 - 5.0


5.1 - 10.0


10.1 - 15.0


Other






Principal Balances ($) Number of Mortgage Loans Total Original Principal Balance
1 - 25,000


25,000 - 50,000


50,000 - 75,000


75,000 - 100,000


100,000 - 125,000


125,000 - 150,000


150,000 - 175,000


175,000 - 200,000


200,000 - 225,000


225,000 - 250,000


250,000 - 275,000


275,000 - 300,000


300,000 - 325,000


325,000 - 350,000


350,000 - 375,000


375,000 - 400,000


400,000 - 425,000


425,000 - 450,000


450,000 - 475,000


475,000 - 500,000


500,000 - 600,000


600,000 - 700,000


700,000 - 800,000


800,000 - 1,000,000


Other


















Combined LTV Ratios (%) Number of Mortgage Loans Total Original Principal Balance
0 - 20


20 - 25


25 - 30


30 - 35


35 - 40


40 - 45


45 - 50


50 - 55


55 - 60


60 - 65


65 - 70


70 - 75


75 - 80


80 - 85


85 - 90


90 - 95


95 - 100






Loan Purpose Number of Mortgage Loans Total Original Principal Balance
Purchase


Refinance - Rate Term


Other






Credit Score Number of Mortgage Loans Total Original Principal Balance
500 - 524


525 - 549


550 - 574


575 - 599


600 - 624


625 - 649


650 - 674


675 - 699


700 - 724


725 - 749


750 - 774


775 - 799


800+






Mortgage Insurance Provider Number of Mortgage Loans Total Original Principal Balance
FHA


VA


Rural


State


Private


Other










Original Debt / Income (DTI) (%) Number of Mortgage Loans Total Original Principal Balance
25 - 30


30 - 35


35 - 40


40 - 45


45 - 50


50 - 55


55 - 60


60 - 65


Other



Sheet 7: Policy Outcome Metrics - MF

Policy Outcome Metric: Multifamily NIBP
For loans originated with Program Bond proceeds
Reporting Frequency: Quarterly.





From To
Reporting Date 1/1/2010 6/30/2010
HFA Name (Choose from dropdown)
GSE POC #N/A




Project Name:
NIBP Loan Amount:
Permanent Loan Amount:
Gap Bond(s) Amount (if NIBP):
Total Project Cost:
Tax Credits (if applicable):
Loan Purpose:
Execution Path:
LTV:
DSCR:
Bond Rate (%): #N/A
Bond Mortgage Rate (%):
Issuer Fee (%):
Total Number of Units:
Units Set Aside @
% of AMI:
Units Set Aside @
% of AMI:
Number of LIHTC Units:
File Typeapplication/vnd.ms-excel
Authorq2ulbc
Last Modified ByRichard M. Arnott
File Modified2010-06-04
File Created2010-02-25

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