Summary: Southern California Home Financing Authority; Single Family Multiple MBS - S&P Global Ratings’ Credit Research

Summary: Southern California Home Financing Authority; Single Family Multiple MBS

Summary: Southern California Home Financing Authority; Single Family Multiple MBS - S&P Global Ratings’ Credit Research
Summary: Southern California Home Financing Authority; Single Family Multiple MBS
Published Sep 23, 2008
514 words — Published Sep 23, 2008
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Abstract:

Standard&Poor's Ratings Services affirmed its 'AAA' rating on Southern California Home Financing Authority's single-family mortgage revenue bonds series 2000D. The bonds are secured by Ginnie Mae mortgage-backed securities and Fannie Mae pass-through certificates. The rating continues to reflect: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; Extremely strong investment quality; and An asset-to-liability ratio of 192.18%% as of Aug. 20, 2008. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae guaranteed mortgage-backed securities and Fannie Mae pass-through certificates, which are 'AAA' eligible under Standard&Poor's rating criteria. All

  
Brief Excerpt:

RESEARCH Summary: Southern California Home Financing Authority; Single Family Multiple MBS Publication date: 23-Sep-2008 Primary Credit Analyst: Renee J Berson, New York (1) 212-438-7966; renee_berson@standardandpoors.com Secondary...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Southern California Home Financing Authority; Single Family Multiple MBS" Sep 23, 2008. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Home-Financing-Authority-Single-Family-Multiple-MBS-672928>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Southern California Home Financing Authority; Single Family Multiple MBS Sep 23, 2008. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Home-Financing-Authority-Single-Family-Multiple-MBS-672928>
  
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