Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS - S&P Global Ratings’ Credit Research

Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS

Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS - S&P Global Ratings’ Credit Research
Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS
Published Oct 01, 2003
504 words — Published Oct 01, 2003
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Abstract:

The 'AAA' rating on Southern California Home Financing Authority's single-family mortgage revenue bonds (Ginnie Mae, Fannie Mae, and Freddie Mac MBS program) series 2000D has been affirmed. The bonds are secured by Ginnie Mae, Fannie Mae, and Freddie Mac mortgage pass-through certificates. Other rating factors include: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Investments held pursuant to a guaranteed investment contract with 'AAA' rated Trinity Funding LLC, and An asset-to-liability ratio of 105.07% as of June 17, 2003. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae, Fannie Mae, and

  
Brief Excerpt:

RESEARCH Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS Publication date: 01-Oct-2003 Credit Profile AFFIRMED $7.560 mil. Southern California Home Fin Auth sinfam mtg bnds ser 2000 D ### Rationale The...

  
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Summary

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS" Oct 01, 2003. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Home-Fin-Auth-Housing-Single-Family-Multiple-MBS-336577>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS Oct 01, 2003. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Home-Fin-Auth-Housing-Single-Family-Multiple-MBS-336577>
  
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