| HFA Initiative Reporting Requirements |
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| Financial Reports & Other Submissions |
State HFAs |
Local HFAs |
| Issuer Financial Statements |
Annually1 |
Annually1 |
| Indenture Financial Statements |
Annually1 |
N/A |
| Events filings & Secondary Market Disclosures |
As available |
As available |
| Current counterparties (including, but not limited to, GIC providers, LOC providers and swap providers) and exposures2 |
Quarterly |
Annually1 |
| Copies of Official Statements or any other disclosure documents w/in 30 days of issuance of debt payable from Indenture revenues |
As available |
As available |
| Most recent ratings letters and any rating report3 |
As available |
As available |
| Copies of presentations to rating agencies3 |
As available |
As available |
| Indenture Cash flow certificates |
As available |
As available |
| Trustee Trial Balance, or Trial Balance certified by the Issuer, setting forth amounts held in the revenue fund and all other accounts under the Indenture |
Quarterly |
Quarterly |
| Loan portfolio performance data, see: "Single Family Indenture Reporting Requirements" 4 |
Monthly |
Monthly |
| Loan portfolio performance data, see: "Multifamily Indenture Reporting Requirements - Multi Loan Pools", "Multifamily Indenture Reporting Requirements - Single Loan" 4 |
Quarterly5 |
Quarterly5 |
| "Policy Outcome Metrics - Single Family" and "Policy Outcome Metrics - Multifamily" |
Quarterly6 |
Quarterly6 |
| Any information for housing goals upon GSE request |
Upon request |
Upon request |
| Other data, as reasonably requested by GSEs, including loan level data if required for asset management/surveillance |
Upon request |
Upon request |
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| 1 If available, please provide on a more frequent basis such as quarterly or semi-annually. |
| 2As related to NIBP or TCLP indentures |
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| 3As related to Issuer, NIBP or TCLP indentures, or Issuer/ Indenture ratings |
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| 4Upon downgrade (Indenture or Issuer), more detailed information may be requested. |
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| This could include loan level data tapes and on site access to the Issuer and senior management. |
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| 5If loan status changes / if 5% or more of pool has payment default, immediate notification is required, and Multifamily reporting requirements becomes monthly |
| 6For NIBP bonds only; final reporting for Policy Outcome Metrics is due within 90 days of all funds being drawn down from escrow |
Reporting Due Dates:
Monthly – within 30 days of reporting date
Quarterly – within 90 days of reporting date
Annually – within 120 days of reporting date |
| Please submit all required reports to HFAReporting@Treasury.gov |
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| This Information Collection has been approved by the Office of Management and Budget and has been assigned the control number 1505-0224. |
| Certifications |
State HFAs |
Local HFAs |
| Certificate of Issuer stating that there is no default or Event of Default under the relevant documents (Indenture, Reimbursement Agreement, Placement Agreement, etc.) |
Quarterly |
Annual |
| Certificate of compliance with all Indenture covenants |
Quarterly |
Annual |
| For any withdrawal from the Indenture other than for ordinary and customary expenses, and to fund or reimburse the costs of programs sponsored by the Issuer, a certificate specifying the amount and purpose of the withdrawal |
At occurrence |
At occurrence |
| Notices |
All HFAs |
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| Any default or Event of Default under the relevant documents (Indenture, Reimbursement Agreement, Placement Agreement, or any other HFA Initiative document) |
At occurrence |
| The action(s) to be taken with respect to any such default or Event of Default |
At determination |
| Any default or event of default by Issuer or counterparty (including, but not limited to, GIC providers, LOC providers and swap providers) under a Related Document, but which is not an HFA Initiative document |
At occurrence |
| The action(s) to be taken with respect to any such default or event of default |
At determination |
| Any material increases in the collateralization requirements of the Issuer under the Hedge documents |
At occurrence |
| Any resignation by or removal of Trustee, Remarketing Agent or Tender Agent received or given by the Issuer |
At occurrence |
| Failure of Remarketing Agent, Tender Agent or Trustee to perform duties |
At occurrence |
| Litigation, administrative or other proceeding, legislation, business, or other development with material adverse affect on business or ability to perform under the documents |
At occurrence |
| Downgrade of bond or Issuer rating or placement on negative outlook by a rating agency |
At occurrence |
| Notice of change in counterparties, material changes in exposures or ratings of counterparties (including, but not limited to, GIC Providers, LOC providers and swap providers)1 |
At occurrence |
| Any changes to the Indenture relating to the Program Bonds |
At determination |
| Unscheduled draws on debt service reserves or credit enhancement |
At occurrence |
| Defeasances |
At occurrence |
| Material release, substitution or sale of property securing repayment of Program Bonds |
At occurrence |
| TCLF Only - Notice of VRDO failed remarketings |
At occurrence |
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| 1As related to Issuer, NIBP or TCLP indentures, or issuer/ indenture ratings |
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| Please submit all required reports to HFAReporting@Treasury.com |
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| This Information Collection has been approved by the Office of Management and Budget and has been assigned the control number 1505-0224. |
| General Notes on Indenture Reporting: |
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| Please submit all required reports to HFAReporting@Treasury.com |
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| 1. Issuer may be required to gather information from servicer |
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| 2. Upon downgrade (Indenture or Issuer), more detailed information may be requested. |
| This could include loan level data tapes and on site access to the Issuer and senior management. |
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| 3. All %'s refer to principal $ amount |
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| 4. All Loan-to-Value (LTV) calculations should be inclusive of Down Payment Assiatance (DPA). |
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| 5. If N/A Please leave blank |
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| 6. Multifamily reporting is for permanent (non-construction) loans |
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| 7. If loan status changes / if 5% or more of pool has payment default, immediate notification is required, and Multifamily reporting requirements becomes monthly |
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| 8. Vintage year refers to loans originated between 1/1 - 12/31 of that year |
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| 9. All reports should be reflective of the Indenture's status over the reporting period |
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| 10. All reports should be returned in the xls format in which they are provided |
| MULTIFAMILY INDENTURE REPORTING REQUIREMENTS - SINGLE LOAN |
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| Reporting Due: Quarterly – within 90 days of reporting date |
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| MF HFA Name |
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| MF HFA Indenture Name |
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| Project Name |
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| Quarter End Date |
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| Mortgage Loan Unpaid Principal Balance (UPB) |
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| MBS UPB |
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| Collateral CUSIPs |
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| If Delinquent, last payment date |
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| Bankruptcy / Foreclosure / REO1 |
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| Original LTV (%) |
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| Curr DSCR |
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| Curr Occupancy (%) |
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| Parity Ratio (Asset/Liability) |
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| FHA / Freddie / Fannie / Ginnie1 |
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| Servicer Name |
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| 1Please indicate which (if any) applies |
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| This Information Collection has been approved by the Office of Management and Budget and has been assigned the control number 1505-0224. |
| Policy Outcome Metrics: Single Family NIBP |
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| For loans originated within a series with Program Bond proceeds |
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| Reporting Due: Quarterly1 – within 90 days of reporting date |
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| Please complete below information as applicable to loans issued since Program inception |
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| Quarter End Date |
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| HFA Name: |
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| Total Number of Mortgage Loans: |
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| Average Loan Amount: |
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| Total Funds Used for Refunding: |
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| Range of Interest Rates (%) excluding Down Payment Assistance (DPA): |
Number of Mortgage Loans |
Total Original Principal Balance |
| 3.50 - 3.75 |
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| 3.76 - 4.00 |
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| 4.01 - 4.25 |
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| 4.26 - 4.50 |
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| 4.51 - 4.75 |
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| 4.76 - 5.00 |
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| 5.01 - 5.25 |
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| 5.26 - 5.50 |
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| 5.51 - 5.75 |
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| 5.76 - 6.00 |
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| 6.01 - 6.25 |
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| 6.26 - 6.50 |
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| Other |
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| Weighted Average Interest Rate |
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| Down Payment Assistance (%) |
Number of Mortgage Loans |
Total Original Principal Balance |
| 0 - 5.0 |
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| 5.1 - 10.0 |
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| 10.1 - 15.0 |
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| Other |
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| Weighted Average DPA |
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| Range of Interest Rates (%) including Down Payment Assistance (DPA): |
Number of Mortgage Loans |
Total Original Principal Balance |
| 4.51 - 4.75 |
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| 4.76 - 5.00 |
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| 5.01 - 5.25 |
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| 5.26 - 5.50 |
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| 5.51 - 5.75 |
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| 5.76 - 6.00 |
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| 6.01 - 6.25 |
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| 6.26 - 6.50 |
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| Other |
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| Weighted Average Interest Rate |
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| Principal Balances ($) |
Number of Mortgage Loans |
Total Original Principal Balance |
| 1 - 25,000 |
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| 25,001 - 50,000 |
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| 50,001 - 75,000 |
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| 75,001 - 100,000 |
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| 100,001 - 125,000 |
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| 125,001 - 150,000 |
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| 150,001 - 175,000 |
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| 175,001 - 200,000 |
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| 200,001 - 225,000 |
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| 225,001 - 250,000 |
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| 250,001 - 275,000 |
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| 275,001 - 300,000 |
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| 300,001 - 325,000 |
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| 325,001 - 350,000 |
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| 350,001 - 375,000 |
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| 375,001 - 400,000 |
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| 400,001 - 425,000 |
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| 425,001 - 450,000 |
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| 450,001 - 475,000 |
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| 475,001 - 500,000 |
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| 500,001 - 600,000 |
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| 600,001 - 700,000 |
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| 700,001 - 800,000 |
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| 800,001 - 1,000,000 |
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| Other |
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| Weighted Average Principal Balance |
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| Combined Original LTV Ratios (%) |
Number of Mortgage Loans |
Total Original Principal Balance |
| 0 - 20 |
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| 21 - 25 |
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| 26 - 30 |
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| 31 - 35 |
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| 36 - 40 |
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| 41 - 45 |
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| 46 - 50 |
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| 51 - 55 |
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| 56 - 60 |
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| 61 - 65 |
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| 66 - 70 |
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| 71 - 75 |
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| 76 - 80 |
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| 81 - 85 |
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| 86 - 90 |
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| 91 - 95 |
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| 96 - 100 |
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| 101 - 105 |
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| 106 - 110 |
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| 111+ |
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| Weighted Average LTV (%) |
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| Loan Purpose |
Number of Mortgage Loans |
Total Original Principal Balance |
| Purchase |
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| Refinance - Rate Term |
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| Other |
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| Original Credit Score |
Number of Mortgage Loans |
Total Original Principal Balance |
| < 500 |
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| 500 - 525 |
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| 526 - 550 |
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| 551 - 575 |
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| 576 - 600 |
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| 601 - 625 |
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| 626 - 650 |
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| 651 - 675 |
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| 676 - 700 |
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| 701 - 725 |
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| 726 - 750 |
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| 751 - 775 |
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| 776 - 800 |
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| 801+ |
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| Weighted Average Credit Score |
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| Mortgage Insurance Provider |
Number of Mortgage Loans |
Total Original Principal Balance |
| FHA |
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| VA |
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| Rural |
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| State |
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| Private |
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| Other |
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| Housing Type |
Number of Mortgage Loans |
Total Original Principal Balance |
| Single Family |
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| Town House |
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| 2-4 Family House |
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| Condominium |
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| Other |
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| Original Debt / Income (DTI) (%) |
Number of Mortgage Loans |
Total Original Principal Balance |
| < 25 |
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| 25 - 30 |
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| 31 - 35 |
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| 36 - 40 |
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| 41 - 45 |
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| 46 - 50 |
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| 51 - 55 |
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| 56 - 60 |
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| 61 - 65 |
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| Other |
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| Weighted Average DTI |
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| 1 Please Note: Final Policy Outcome Metrics report date shall be 90 days after all funds have been used |
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| This Information Collection has been approved by the Office of Management and Budget and has been assigned the control number 1505-0224. |
| Policy Outcome Metrics: Multifamily NIBP |
| For permanent phase loans originated with Program Bond proceeds |
| Reporting Due: Quarterly1 – within 90 days of reporting date |
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| Please complete below information as applicable to loans issued since Program inception |
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| Quarter End Date |
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| HFA Name (Choose from dropdown) |
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| GSE POC (Fannie Mae / Freddie Mac) |
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| Total Funds Used for Refunding |
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| Project Name: |
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| NIBP Loan Amount: |
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| Permanent Loan Amount: |
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| Gap Bond(s) Amount (if NIBP): |
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| Total Project Cost: |
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| Tax Credits (Y/N): |
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| Project Based Section 8 (Y/N): |
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Loan Purpose:
(New Construction, Substantial Rehabilitation, Moderate Rehabilitation, Refunding) |
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Execution Path:
(Fannie / Freddie / FHA / 4th Rail) |
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| Underwritten LTV (%): |
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| Underwritten DSCR: |
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| Bond Rate (%): |
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| Fee Stack (%): |
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| Issuer Fee (%): |
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| Total Number of Units: |
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| Units Set Aside @ |
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% of AMI: |
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| Units Set Aside @ |
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% of AMI: |
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| Number of LIHTC Units: |
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| 1 Please Note: Final Policy Outcome Metrics report date shall be 90 days after all funds have been used |
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| Please provide data for each loan within the series |
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| This Information Collection has been approved by the Office of Management and Budget and has been assigned the control number 1505-0224. |