Fannie Mae Prices $751 Million Connecticut Avenue Securities Real Estate Mortgage Investment Conduit Deal
March 08, 2024
March 08, 2024
WASHINGTON, March 8 -- Fannie Mae issued the following news release on March 7, 2024:
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities (CAS) Series 2024-R02, an approximately $751 million note offering that represents Fannie Mae's second CAS REMIC transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business. Year to date, Fannie Mae has issued approximately $1.5 . . .
Fannie Mae (FNMA/OTCQB) priced Connecticut Avenue Securities (CAS) Series 2024-R02, an approximately $751 million note offering that represents Fannie Mae's second CAS REMIC transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business. Year to date, Fannie Mae has issued approximately $1.5 . . .