Fannie Mae Prices $766 Million Connecticut Avenue Securities REMIC Deal
July 21, 2023
July 21, 2023
WASHINGTON, July 21 -- Fannie Mae issued the following news release:
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(R) (CAS) Series 2023-R06, an approximately $766 million note offering that represents Fannie Mae's sixth 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.
"We are pleased with the sustained demand for our CAS tran . . .
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(R) (CAS) Series 2023-R06, an approximately $766 million note offering that represents Fannie Mae's sixth 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.
"We are pleased with the sustained demand for our CAS tran . . .