Key Takeaways
- Credit quality of rated U.S. housing finance agencies (HFAs) remained strong and positive rating actions on four HFAs reflect improved metrics.
- Despite expectations of balance-sheet contraction, average assets, debt, and equity, on average, all increased in fiscal 2022.
- Net income declined in 2022, as expected, but isn’t an indication of long-term financial impairment.
- Prudent management of HFAs remains a cornerstone strength behind exceptional performance in 2022 and in the future.
19 Sep, 2023