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Press Release

Fannie Mae Announces Benchmark Notes Buyback Results

March 19, 2002


Jason Lobo


Fannie Mae Announces Benchmark Notes® Buyback Results

WASHINGTON, DC -- Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, today announced that it has repurchased the following amounts of outstanding noncallable Benchmark SecuritiesSM issues.



Maturity Date


Settlement Date of Repurchase


Current Amount Outstanding


May 15, 2029


March 21, 2002

$500 million

$2.925 billion


January 15, 2030


March 21, 2002

$81 million

$3.835 billion


May 15, 2030


March 21, 2002


$4.15 billion




Total Repurchased

$581 million


This announcement is provided only for informational purposes and is neither an offer to buy nor a solicitation of offers to sell any of these securities.

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided more than $3.6 trillion of mortgage financing for nearly 43 million families.

Benchmark Notes is a registered mark and Benchmark Securities is a service mark of Fannie Mae. Unauthorized use of these marks is prohibited.

Style Usage: Fannie Mae's Board of Directors has authorized the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."