Fitch Withdraws Rating on New York City Residential Mortgage Insurance Corp.
NEW YORK -- Fitch Ratings has withdrawn the 'AA-' Insurer Financial Strength (IFS) rating of New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Residential Mortgage Insurance Corp. (NYC NYC
New York City
NYC New York City ReMIC).
NYC ReMIC is a public benefit corporation designed to promote the development of affordable housing in New York City through the issuance of mortgage insurance. The company was originally created by the New York State Legislature in 1973 and has been a subsidiary of the New York City Housing Development Corporation (HDC) since 1993.
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