That is correct. 2 main issues with any codebase that the ASF develops is that (1) it be under the Apache License and (2) that the Copyright be assigned to the ASF.
So it must be licensed "by" the ASF (via the AL) and "owned" by the ASF.
That is not correct: CLAs and software grants are licenses, not assignments. Larry Lessig says that the code should retain each contributor's copyright. Apache has traditionally used the Apache copyright alone to make it clear that everyone is contributing to a joint work, and to avoid issues with ego and territory building. Nevertheless, copyright remains with the original contributor and only the copyright owner can change the notice.
....Roy
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