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MReport August 2017

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 53 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T DATA AROUND THE U.S. How Does Your State Rank in Fiscal Health? G eorge Mason University released a list demonstrating the fi nancial health of U.S. states based on short- and long-term debt as well as other fi scal obligations such as unfunded pensions and healthcare benefi ts. The report determined a ranking by ability to attract business, taxation versus what's provided for that tax, and how well promises are kept to public-sector employees. The top state, Florida, retained between 8.19 and 10.01 times the cash needed to cover short-term obligations and had 34 percent of total assets in long-term liabilities, which is roughly half the U.S. average. New Jersey, ranked 50th, had between 84 percent and 211 percent of the cash needed to cover short-term obligations and 360 percent of total assets when it came to long-term liability. Take a look at the states that fell in between Florida and New Jersey below. Source: George Mason University, "Ranking the States by Fiscal Condition", 2017 Edition released in July TOP FIVE FLORIDA NORTH DAKOTA SOUTH DAKOTA UTAH WYOMING ABOVE AVERAGE NEBRASKA OKLAHOMA TENNESSEE IDAHO MONTANA MISSOURI ALABAMA OHIO NEVADA NORTH CAROLINA INDIANA ALASKA VIRGINIA AVERAGE SOUTH CAROLINA ARKANSAS OREGON GEORGIA TEXAS MINNESOTA NEW HAMPSHIRE WASHINGTON HAWAII IOWA WISCONSIN COLORADO DELAWARE KANSAS BELOW AVERAGE ARIZONA MISSISSIPPI MAINE MICHIGAN CONNECTICUT RHODE ISLAND NEW YORK VERMONT NEW MEXICO WEST VIRGINIA CALIFORNIA LOUISIANA PENNSYLVANIA BOTTOM FIVE MARYLAND KENTUCKY MASSACHUSETTS ILLINOIS NEW JERSEY NEW HAMPSHIRE

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