Moody’s Investors Service | Single Family Delinquencies 2nd Quarter 2014 HFA Report

State Housing Finance Agencies’(HFAs) single-family portfolio performance continues to improve as indicated by a year-over-year decline of over 4% in single family delinquencies for the second quarter of 2014. The decline will translate into reduced loan losses for HFAs as fewer loans enter the foreclosure process. Moody’s expects these signs of improvement in the sector’s portfolio performance to continue at a measured pace as the stress of unemployment eases and median home prices continue their upward trend.