Fannie Mae Announces 2017 Connecticut Avenue Securities Issuance Calendar
WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced its 2017 Connecticut Avenue Securities™ (CAS) Issuance Calendar as part of an ongoing effort to ensure transparency in the market and help investors with their planning for the year. During each issuance window, Fannie Mae has the option to issue, or to forego issuance, of a CAS deal.
“We continue to look for ways to increase transparency and improve the flow of information to investors in our CAS program. The publication of our 2017 issuance calendar as well as recent enhancements in our credit risk sharing resources, including Fannie Mae’s Data Dynamics™ loan performance analysis tool, are designed to provide investors greater access to information that enables them to make investment decisions,” said Laurel Davis, vice president for credit risk transfer, Fannie Mae. “In 2017, we expect to continue to be a benchmark issuer in the credit securities market. As we have demonstrated throughout the program, our issuance volumes and utilization of available windows continue to be dependent on market conditions.”
Fannie Mae is committed to building a strong market for credit risk sharing as it enters the fourth year of its flagship CAS program. In addition to the CAS program, Fannie Mae will continue to bring additional private capital to the market through regular issuance of its Credit Risk Insurance Transfer™ (CIRT™) program. Through all of Fannie Mae’s risk sharing programs, the company has transferred a portion of the credit risk on approximately $794 billion in single-family mortgages.
About Connecticut Avenue Securities
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. For more information on individual CAS transactions, Fannie Mae’s industry leading approach to credit risk management, and to access its Data Dynamics analytical tool, visit https://www.fanniemae.com/portal/funding-the-market/credit-risk/index.html.
Statements in this release regarding the company’s future CAS transactions are forward-looking. Actual results may be materially different as a result of market conditions or other factors listed in “Risk Factors” or “Forward-Looking Statements” in the company’s annual report on Form 10-K for the year ended December 31, 2015 and its quarterly report on Form 10-Q for the quarter ended September 30, 2016. This release does not constitute an offer or sale of any security. Before investing in any Fannie Mae issued security, potential investors should review the disclosure for such security and consult their own investment advisors.Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/FannieMae.