PR Newswire | Dec 16, 2021 09:16AM EST

12/16 08:15 CST

Fannie Mae Announces 2022 Connecticut Avenue Securities (CAS) Issuance Calendar WASHINGTON, Dec. 16, 2021

WASHINGTON, Dec. 16, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today its 2022 Connecticut Avenue Securities(r) (CAS) Issuance Calendar as part of its efforts to ensure transparency in the market. Fannie Mae has the option to issue, or forgo issuance of, one or more CAS deals during each window.

"In 2022, we look forward to bringing approximately $15 billion in our on-the-run CAS REMIC(r) transactions, subject to market conditions and other factors," said Devang Doshi, Senior Vice President, Single-Family Capital Markets, Fannie Mae.

Two BenchmarkMonth(s) Issuance Window CAS REMIC Transactions

January/February Early January to early February + +

March Early March to mid-March + +

April/May Late April to mid-May + +

June/July Late June to mid-July + +

August/September Early August to mid-September + +

October/November Mid-October to mid-November + +

December Mid-December

Since 2013, Fannie Mae has transferred a portion of the credit risk on single-family mortgages with an unpaid principal balance close to $2.4 trillion through its credit risk transfer efforts, including CAS, Credit Insurance Risk Transfer(tm) (CIRT(tm)), and other forms of risk transfer.

About Connecticut Avenue Securities:CAS REMIC notes are issued by a bankruptcy-remote trust. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. For more information on our approach to credit risk management, individual CAS transactions, and EU and UK investor resources, visit our credit risk transfer website.

About Fannie MaeFannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for people across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit: fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom https://www.fanniemae.com/newsroom

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Fannie Mae Resource Center1-800-2FANNIE

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 December 31, 2020. This release does not constitute an offer or sale of any security. Before investing in any Fannie Mae issued security, potential investors should review the disclosure for such security and consult their own investment advisors.

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SOURCE Fannie Mae