New Reservations Suspended
Due to the volatility in the mortgage secondary market AHFA made the decision to suspend reservations of new loans. 

The rapid increase in rate and the negative impact it may have on borrowers was the primary reason for this decision. Our secondary market department wanted to allow for the market to stabilize. It is our intention to re-assess our reservation window on Monday, March 23. 

All AHFA compliance commitment and closed loan purchase operations remain open and operational. 

During this unusual time, AHFA will be continually monitoring the mortgage market to ensure we make the necessary program adjustments.
If you have any questions about this information, please contact Lisa Treece at ltreece@ahfa.com .