80) A significant (and controversial) (81) difference between the City of Sydney and SHFA
permits is that, to obtain the latter, the busker must show proof of having public liability insurance cover.
The 2012 SHFA
Statistical Report contains fiscal 2011 financial statements for 51 SHFAs
For example, both the policies of the City of Melbourne and SHFA
indicate that applicants will (or may) (162) be required to give a sample performance as part of the application process, but buskers reported that they had not been required to do so.
Fitch's August 2011 state housing finance agencies (SHFAs
) statistical report contains fiscal 2010 financial statement information for 50 SHFAs
For the fourth year, Fitch is including information on mortgage-backed securities (MBS) held by SHFAs
as part of their programmatic functions.
Applicable Criteria and Related Research: 2011 Outlook: SHFAs
Endure the Effects of a Slow Recovery
This significant decline demonstrates how SHFA
new bond issuance all but halted in fiscal 2009 and fiscal 2010 which followed several prior years of increases.
The significant decline follows several years of increases as SHFA
new bond issuance all but halted in fiscal 2009.
In the current market environment, disclosure practices are even more significant for assessing SHFA
programs' ratings,' said Eric Espino, Associate Director at Fitch.
The TCLP will provide financial relief to the SHFAs
With capital costs increasing, short-term investment rates at very low levels, and rising delinquencies and foreclosure rates within SHFA
portfolios, Fitch will continue to assess the ability of SHFAs
to address these challenges in its ratings, which will be discussed in future publications.
Rising unemployment levels across the country continue to contribute to the increasing foreclosure rates in the mortgage market which could affect the health of Fitch rated SHFA