NAA/NMHC Issue Fact Sheet: Covered Bonds - Apartments require a diversity of debt sources to provide mortage financing. Without reliable access to this credit, the industry cannot function properly. Some lawamakers have proposed developed a covered bond market.
NAA/NMHC Caution on Limits of Covered Bonds as Replacement for Mortgage Credit Sources - NAA/NMHC release statement to the House Subcommittee on Capital Markets and Government Sponsored Enterprises.
NAA/NMHC Analysis: Credit Capacity of Covered Bonds White Paper - NAA/NMHC's white paper, "Credit Capacity of Covered Bonds," provides a framework for understanding the risks, benefits and limitations inherent in establishing a similar market in the United States.