Secondary Market Disclosures (State Governments)

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Overview

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

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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.

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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

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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.

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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.

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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.

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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

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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: