Fannie Mae Prices $659 Million Connecticut Avenue Securities (CAS) REMIC Deal
July 18, 2024
July 18, 2024
WASHINGTON, July 18 -- Fannie Mae issued the following news release:
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(r) (CAS) Series 2024-R05, an approximately $659 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. Year to date, Fannie Mae has issued approximately $3.6 billion of notes unde . . .
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities(r) (CAS) Series 2024-R05, an approximately $659 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. Year to date, Fannie Mae has issued approximately $3.6 billion of notes unde . . .