Fannie Mae Prices $622 Million Connecticut Avenue Securities REMIC Deal
April 28, 2023
April 28, 2023
WASHINGTON, April 28 -- Fannie Mae issued the following news release:
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(R) (CAS) Series 2023-R03, an approximately $622 million note offering that represents Fannie Mae's third 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-R03 consists of approxi . . .
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(R) (CAS) Series 2023-R03, an approximately $622 million note offering that represents Fannie Mae's third 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-R03 consists of approxi . . .