Summary: North Carolina Housing Finance Agency; Single Family Multiple MBS; Single Family Whole Loan

S&P Global Ratings assigned its 'AA+' long-term rating to North Carolina Housing Finance Agency's (NCHFA) series 44 home ownership revenue bonds (the 1998 trust agreement). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and underlying rating (SPUR) on NCHFA's home ownership revenue parity debt (the 1998 trust agreement)resolution. The outlook is stable. NCHFA will use the series 44 bond proceeds to purchase mortgage-backed securities (MBS), make down payment assistance loans to low- and moderate-income households in North Carolina, and pay issuance costs. NCHFA established the bond indenture in 1998, and all indenture bonds are on parity. As of Dec. 31, 2019, MBS totaling $829 million accounted for approximately 74% of the loan portfolio. Since issuing the

...S&P Global Ratings assigned its '##+' long-term rating to North Carolina Housing Finance Agency's (NCHFA) series 44 home ownership revenue bonds (the 1998 trust agreement). At the same time, S&P Global Ratings affirmed its '##+' long-term rating and underlying rating (SPUR) on NCHFA's home ownership revenue parity debt (the 1998 trust agreement)resolution. The outlook is stable. NCHFA will use the series 44 bond proceeds to purchase mortgage-backed securities (MBS), make down payment assistance loans to low- and moderate-income households in North Carolina, and pay issuance costs. NCHFA established the bond indenture in 1998, and all indenture bonds are on parity. As of Dec. 31, 2019, MBS totaling $829 million accounted for approximately 74% of the loan portfolio. Since issuing the series 37 bonds, NCHFA has been financing only MBS and has participated in MBS direct sales into the to-be-announced market. However, approximately $294 million in whole loans remain outstanding, the majority...

Summary