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Miscellaneous Overviews
Callable Medium-Term Notes
Callable Medium-Term Notes are generally negotiated underwritings with one or more dealers or dealer banks. On any given day, a number of new notes and bonds of various maturities, call features, or lockouts may be issued through several dealers. The key feature of Fannie Mae's Callable Medium-Term Notes program is flexibility.
Through this program, Fannie Mae can respond quickly to reverse inquiries from investors communicated through dealers to create securities that meet particular investment profiles. Because of Fannie Mae's large funding requirements, we are able to entertain many structures simultaneously. However, Fannie Mae is very mindful of having similar structures in the market at the same time and the adverse impact this could have on performance. Therefore, Fannie Mae takes great caution to avoid bringing similar issues to market within a short time frame. Fannie Mae will respond to reverse inquiry for almost any type of callable structure.
Repurchases
Fannie Mae provides daily information on all
repurchases of Callable Medium-Term Notes
in our report, Historical
Repurchases of Other Callable Notes and Bonds.
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Last Revised: July 21, 2008
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