WASHINGTON, Dec. 18, 2024 /PRNewswire/ — Fannie Mae FNMA has unveiled its Connecticut Avenue Securities® (CAS) issuance calendar for 2025 to enhance market transparency. The company may choose to issue or skip one or more CAS deals during the designated windows.
Kathleen Pagliaro, Vice President of Credit Risk Transfer at Fannie Mae, stated, “In 2025, we aim for a dynamic approach to CRT issuance. We expect to issue about $4 billion through 5-7 transactions.” She mentioned that the first return to the market will likely occur in mid-to-late January with CAS 2025-R01, a low-LTV transaction. Decisions on volumes and whether to use or skip windows will depend on market conditions.
Since 2013, Fannie Mae has shifted a portion of the credit risk from single-family mortgages totaling an unpaid principal balance of around $3.2 trillion. This effort includes CAS as well as Credit Insurance Risk Transfer™ (CIRT™) and other risk transfer methods.
Overview of Connecticut Avenue Securities
CAS REMIC notes are backed by a trust insulated from bankruptcy. The principal amounts paid periodically and overall will rely on the performance of a large, diverse reference pool. For more details on credit risk management and individual CAS transactions, as well as EU and UK investor resources, please visit our website.
About Fannie Mae
Fannie Mae promotes equal and sustainable access to homeownership, offering quality and affordable rental options to millions across America. The company supports the 30-year fixed-rate mortgage and drives innovation to make home buying and renting simpler and more equitable. For additional information, visit:
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Fannie Mae Newsroom
https://www.fanniemae.com/news
Fannie Mae Resource Center
1-800-2FANNIE (800-232-6643)
The projections mentioned regarding future CAS transactions are forward-looking. Actual outcomes may differ significantly due to market fluctuations or other factors explained in “Risk Factors” or “Forward-Looking Statements” within the annual report under Form 10-K for the year ending December 31, 2023. This announcement does not suggest an offer or sale of any security. Investors should consult the disclosure for any issued security and their investment advisors.
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SOURCE Fannie Mae
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