Fannie Mae Prices $659 Million Connecticut Avenue Securities (CAS) REMIC Deal
The reference pool for CAS Series 2024-R05 consists of approximately 61,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately
Class |
Offered Amount ($MM) |
Pricing Level |
Expected Ratings (Moody's/DBRS) |
2A-1 |
|
30-day Average SOFR plus 100 bps |
Aa3 (sf) / A (low) (sf) |
2M-1 |
|
30-day Average SOFR plus 100 bps |
A2 (sf) / A (low) (sf) |
2M-2 |
|
30-day Average SOFR plus 170 bps |
Baa1 (sf) / BBB (sf) |
2B-1 |
|
30-day Average SOFR plus 200 bps |
Baa3 (sf) / BB (high) (sf) |
With the completion of this transaction,
To promote transparency and to help credit investors evaluate our securities and the CAS program,
In addition to our flagship CAS program,
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Statements in this release regarding the company's future CAS transactions are forward-looking. Actual results may be materially different as a result of market conditions or other factors listed in "Risk Factors" or "Forward-Looking Statements" in the company's annual report on Form 10-K for the year ended
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