Fannie Mae Further Enhances Disclosures on Connecticut Avenue Securities
WASHINGTON, DC – Today, Fannie Mae (FNMA/OTC) announced continued enhancements to its loan level disclosure data set for its Connecticut Avenue Securities™ (CAS) program. Starting with the May 25th, 2016 disclosure, Fannie Mae has expanded its relationship with Equifax to provide investors with monthly updated, anonymous, loan-level credit scores on all CAS deals since the program’s inception in 2013. This information was previously only available for the company’s more recent actual loss Connecticut Avenue Securities transactions.
“This additional information will give CAS investors the ability to better monitor their investments in the program, and greater clarity and details on the reference pools that back these securities,” said Laurel Davis, vice president of credit risk transfer, Fannie Mae. “We’re pleased to provide investors with this enhanced transparency in a responsible way that also protects borrower’s personal information.”
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. The next CAS transaction is planned for July 2016 and the company expects to be a regular issuer throughout 2016, subject to ongoing market conditions.
For more information on Fannie Mae’s credit risk transfer activities, visit https://www.fanniemae.com/portal/funding-the-market/credit-risk/index.html.
For information on Equifax offerings for investors, visit www.Equifax.com/business/capital-markets.Fannie Mae enables people to buy, refinance, or rent homes.
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