Director of Credit Analysis
Stoever Glass & Co., Inc.
P: (862) 432-8818
This sector has several spectrums of risk:
1. Statewide portfolios of single family mortgage backed bonds, governed by state credit-lending requirements, have low default risk;
2. Statewide portfolios of multi-family mortgage apartment rental or condominium housing projects have low-to-moderate default risk; and
3. Local, site-specific projects of single family homes or apartments that are very narrow in scope or geographic diversity, have one of the highest yields, but also one of the highest default risks in the municipal market.
Please click on the PDF below to read the fulle article.