Fannie Mae Prices $609 Million Connecticut Avenue Securities Real Estate Mortgage Investment Conduit Deal
November 18, 2023
November 18, 2023
WASHINGTON, Nov. 18 -- Fannie Mae issued the following news release on Nov. 17, 2023:
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities (CAS) Series 2023-R08, an approximately $609 million note offering that represents Fannie Mae's eighth CAS REMIC 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.
"Our final deal of 2023 was met with very stro . . .
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities (CAS) Series 2023-R08, an approximately $609 million note offering that represents Fannie Mae's eighth CAS REMIC 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.
"Our final deal of 2023 was met with very stro . . .