The 'SP-1+' rating on the Southern California Home Financing Authority's single-family mortgage revenue notes is based on the investment of note proceeds in guaranteed investment contracts (GICs) from Trinity Funding Co. LLC ('AAA') earning sufficient interest to pay interest on the notes through maturity. The series A-2 and A-3 rated notes will pay 2.45% and 2.55%, respectively, matching the rates on their respective GICs. The series A-2 notes will mature on Feb. 1, 2002 and the series A-3 notes will mature on July 15, 2002, with their respective GICs expiring on the same days. The notes are being issued in conjunction with the 2001 series A-1, a long-term issue that will be used to purchase 30-year fixed rate MBS backed
