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 the North Carolina Housing Finance Agency's (NCHFA) series 46 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 46 bond proceeds to purchase mortgage-backed securities (MBS), make downpayment assistance loans to low- and moderate-income households in North Carolina, redeem a portion of the outstanding series 32 bonds, and pay issuance costs. NCHFA established the bond indenture in 1998, and all indenture bonds are on parity. As of Dec. 31, 2020, MBS totaling $1.03 billion accounted

...S&P Global Ratings assigned its '##+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) series 46 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 46 bond proceeds to purchase mortgage-backed securities (MBS), make downpayment assistance loans to low- and moderate-income households in North Carolina, redeem a portion of the outstanding series 32 bonds, and pay issuance costs....

Summary