LOS ANGELES -- Investment bankers and others in California are hailing a comeback in the market for Mello-Roos bonds, following months of uncertainty triggered by predictions of potential defaults on the land-secured debt.

"There is definitely a comeback to this market," said Maureen A. McCafferty, a partner at Stone and Youngberg in San Francisco. "Part of the problem was an overreaction to a lot of negative articles last year."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.