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Sequestration to have moderate effect on pub fin housing-Moody's
April 9, 2013 / 5:14 PM / 5 years ago

Sequestration to have moderate effect on pub fin housing-Moody's

April 9 (Reuters) - Moody’s Investors Service on Tuesday said the federal budget cuts known as sequestration will have a low to medium effect on public finance housing bond issues with the largest impact on those households with the most financial stress, such as single-family and multifamily mortgage programs.

Moody’s said delinquency and foreclosures rates are likely to remain high with “low-to-moderate income households susceptible to economic distress due to unemployment or under-employment.”

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