Summary: North Carolina Housing Finance Agency; Single Family Multiple MBS; Single Family Whole Loan - S&P Global Ratings’ Credit Research

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

Summary: North Carolina Housing Finance Agency; Single Family Multiple MBS; Single Family Whole Loan - S&P Global Ratings’ Credit Research
Summary: North Carolina Housing Finance Agency; Single Family Multiple MBS; Single Family Whole Loan
Published Mar 16, 2022
5 pages (2007 words) — Published Mar 16, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) series 48 home ownership revenue bonds (the 1998 trust agreement) (social bonds). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on NCHFA's home ownership revenue bond (the 1998 trust agreement) resolution parity debt. The outlook is stable. NCHFA plans on issuing approximately $150 million of series 48 bonds and will use the bond proceeds to purchase mortgage-backed securities (MBS) and make down-payment assistance loans to low- and moderate-income households in North Carolina. The 'AA+' long-term rating reflects our opinion of NCHFA's: Very strong enhancement, based on the guarantees by Fannie Mae (FNMA), Freddie Mac (FHLMC), and Ginnie Mae (GNMA) on

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) series 48 home ownership revenue bonds (the 1998 trust agreement) (social bonds). At the same time, S&P Global Ratings affirmed its '##+' long-term rating on NCHFA's home ownership revenue bond (the 1998 trust agreement) resolution parity debt. The outlook is stable. NCHFA plans on issuing approximately $150 million of series 48 bonds and will use the bond proceeds to purchase mortgage-backed securities (MBS) and make down-payment assistance loans to low- and moderate-income households in North Carolina....

  
Report Type:

Summary

Issuer
North Carolina Housing Finance Agency
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: North Carolina Housing Finance Agency; Single Family Multiple MBS; Single Family Whole Loan" Mar 16, 2022. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-North-Carolina-Housing-Finance-Agency-Single-Family-Multiple-MBS-Single-Family-Whole-Loan-2810580>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: North Carolina Housing Finance Agency; Single Family Multiple MBS; Single Family Whole Loan Mar 16, 2022. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-North-Carolina-Housing-Finance-Agency-Single-Family-Multiple-MBS-Single-Family-Whole-Loan-2810580>
  
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