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California Housing Finance Agency Comments On S&p?s Ratings Upgrade - Yahoo Finance

"We are pleased by this upgrade, which assists our agency in its efforts to finance affordable multifamily homes in California," said Tia Boatman Patterson, Executive Director of CalHFA. The upgrade is the result of our teams work for many years to stabilize our financial position following the housing crisis and effectively manage our loan portfolio." In its report, Standard & Poors cited a number of factors for its ratings, including strategy and management by CalHFA, high loss-coverage levels and strong financial policies and practices due to CalHFAs comprehensive policies and procedures for loan origination, portfolio monitoring and servicing. For nearly 40 years, CalHFA, a self-supported State agency that doesn't rely on taxpayer dollars, has supported the needs of renters and homeowners by creating and financing progressive housing solutions so more Californians have a place to call home.
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