, Not Easing Up.]]>Vadum, Matthew
Virginia:VHDA Seeks to Cut Costs by Selling Pass-Throughs.Reports on the Virginia Housing Development Authority's sale of taxable single-family mortgage bond pass-through certificates. Structure of the bonds; Predictability of the cash flows.Ferris...
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The article reports that the Virginia Housing Development Authority (VHDA) expects to sell a great deal more debt this year than it did in 2004, in part because of the growing popularity of an unconventional new mortgage product that allows a homebuyer to pay interest only for the first ...