2008 CAPER Tables - MFA - Housing New Mexico

Goal 3 - Ensure Profitability and sustainability
Objective 1 - Consolidated rate of return on earning assets
will be equal to or greater than 0.50%.
Percent Complete:
Status Not Met
Comments
ET has determined that this Objective was Not Met.
Printed Date: 02/26/2009
ROA rate
FY07
Threshold
0.5%
October-07 November-07 December-07 January-08 February-08 March-08 April-08 May-08 June-08 July-08 August-08 September-08
0.64% 0.63% 0.62% 0.77% 0.00% 0.57% 0.51% 0.48% 0.43% 0.42% 0.38% 0.39%
Strategies
6 1-Increase net revenue at a rate greater than the increase in earning assets. Strategy Target Date
Earning assets increased at a rate greater than net revenue.
2-Target full-spread earnings for all bond issues.
Status Not Met
Strategy Target Date
As of 9/30/08, 07E, 08A, and 08B were full spread deals. However, due to market conditions, some Statusof
Not Met
the spread on 08C was used to subsidize the mortgage loan rates. Therefore 08C was not a full spread
deal.
3-Analyze and implement benchmark criteria for earnings targets (loan yields, Strategy Target Date
investment yields and expense ratios) to achieve consolidate rate of return.
Benchmark criteria for earnings targets were completed 3/21/08 and maintained monthly. Status Met
Objective 2 - General Fund excess revenues over expenses Percent Complete:
Status Met
will be at least the amount of 9/30/07.
Comments
All Strategies Met. ET has determined that this Objective has been Met.
General Fund Net
FY07
Threshold
$4,166,316
October-07 November-07 December-07 January-08 February-08 March-08 April-08 May-08 June-08 July-08 August-08 September-08
$952,673 $1,065,541.7 $1,442,349.5 $2,183,996.7 $2,670,554.0 $3,023,358.5 $3,159,892.7 $3,356,522.8 $3,631,238.6 $3,628,131.1 $4,075,248.5 $4,172932.70
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