Fannie Mae Prices Fourth Multifamily Connecticut Avenue Securities Deal
"We were pleased with demand across all classes of our fourth MCAS transaction," said
The reference pool for MCAS Series 2024-01 consists of 147 multifamily mortgage loans with an outstanding unpaid principal balance of approximately
The loans included in this transaction are fixed-rate multifamily mortgages with terms less than or equal to 10 years and with unpaid principal balances greater than
Class |
Offered Amount ($MM) |
Pricing Level |
Initial Credit Support (%)1 |
M-7 |
|
30-day average SOFR plus 275 bps |
3.500 |
M-10 |
|
30-day average SOFR plus 385 bps |
1.300 |
B-1 |
|
30-day average SOFR plus 675 bps |
0.650 |
|
1
Based on an allocable portion of |
To support our credit risk transfer capabilities, we publish the Multifamily Loan Performance Data on Data Dynamics®, which presents loan-level credit performance data on more than 20 years of
For 35 years,
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MCAS notes are issued by a bankruptcy-remote trust. The amount of periodic principal and ultimate principal paid by
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Statements in this release regarding the company's future MCAS 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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