2008 CAPER Tables - MFA - Housing New Mexico

Objective 2 - Maintain delinquency rates, excluding bankruptcies,
at rate of 9.57% (weighted rate of 3 portfolios) maintaining the
default rate at 1.48%.
Percent Complete 17%
Objective Comments: Delinquency rates as of 11/30/07 were 10.20%, with a default rate of .11%.
Default Rate
Delinquency Rate
1.48%
9.57%
Oct-2007
0.11%
8.87%
Nov-2007
0.11%
10.2%
Dec-2007
0.11%
9.63%
Jan-2008
0.34%
9.94%
Feb-2008
0%
0%
Mar-2008
0.34%
8.1%
Apr-2008
0.34%
8.73%
May-2008
0.45%
8.19%
Jun-2008
0.45%
8.65%
Jul-2008
0.56%
9.19%
Aug-2008
0.56%
9.86%
Sep-2008
0.56%
9.31%
Strategies
1-Increase Single Family servicing portfolio.
Acquired SW Resources Inc. portfolio. Acquired WF MBS portfolio effective 9/1/08.
2-Maintain single family first mortgage delinquencies at 9/30/07 rate of 5.35%.
Delinquency rates as of 9/30/08 were 6.09%
3-Contain single family second mortgage delinquencies at 19.34%.
Delinquency rates as of 9/30/08 were 17.33%.
4-Maintain multifamily mortgage delinquencies at rate of 2.33%.
Delinquency rates as of 9/30/08 were 3.92%.
5-Evaluate other MFA funding sources (TBRA and ESG) to assist in the reduction
of delinquency/default.
Homeless Prevention can be used for certain borrowers. Procedures to utilize have been
implemented.
Strategy Target Date
Status Met
Strategy Target Date
Status Not Met
Strategy Target Date
Status Met
Strategy Target Date
Status Not Met
Strategy Target Date
Status Met
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