Fannie Mae Prices $738 Million Connecticut Avenue Securities REMIC Deal
June 30, 2023
June 30, 2023
WASHINGTON, June 30 -- Fannie Mae issued the following news release:
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(R) (CAS) Series 2023-R05, an approximately $738 million note offering that represents Fannie Mae's fifth CAS REMIC(R) transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.
The reference pool for CAS Series 2023-R05 consists of approxim . . .
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(R) (CAS) Series 2023-R05, an approximately $738 million note offering that represents Fannie Mae's fifth CAS REMIC(R) transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.
The reference pool for CAS Series 2023-R05 consists of approxim . . .