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Press Release

Fannie Mae Benchmark Buyback Results

October 3, 2001

 

Lesia Bullock

202-752-3993

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 Securities issues.

 

Coupon
Maturity Date
CUSIP
Settlement Date of Repurchase
Amount
Repurchased
Current Amount
Outstanding
7.125%
January 15, 2030
31359MFJ7
October 5, 2001
$290 million

$3.916 billion
7.250%
May 15, 2030
31359MFP3
October 5, 2001
$0

$4.150 billion
Total Repurchased
$290 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 $3.0 trillion of mortgage financing for 40 million families.

Benchmark Bonds 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."