SAN FRANCISCO (Standard&Poor's) Sept. 27, 2001--Standard&Poor's today assigned its triple-'A' rating to Southern California Home Financing Authority's (SCHFA) $40 million single-family mortgage revenue bonds series 2001A-1A and 2001A-1B. The bonds are scheduled to sell Sept. 27, 2001. The rating reflects: -- The extremely high credit quality of the Ginnie Mae, Fannie Mae, and FHLMC MBS; -- 'AAA' rated investments; and -- Cash flow projections demonstrating sufficient revenues to fully meet debt service. The authority is issuing the bonds under a closed-lien indenture to purchase 30 year, fixed-rate MBS backed by single-family mortgages originated to low- and moderate-income residents of Los Angeles and Orange Counties. It is anticipated that a portion of the issue will finance mortgages
