Fannie Mae announced its 2022 Connecticut Avenue Securities® (CAS) Issuance Calendar as part of its efforts to ensure transparency in the market. Fannie Mae has the option to issue, or forgo issuance of, one or more CAS deals during each window.
“In 2022, we look forward to bringing approximately $15 billion in our on-the-run CAS REMIC® transactions, subject to market conditions and other factors,” said Devang Doshi, Senior Vice President, Single-Family Capital Markets, Fannie Mae.
Month(s) |
Issuance Window |
Two Benchmark CAS REMIC Transactions |
January/February |
Early January to early February |
+ + |
March |
Early March to mid-March |
+ + |
April/May |
Late April to mid-May |
+ + |
June/July |
Late June to mid-July |
+ + |
August/September |
Early August to mid-September |
+ + |
October/November |
Mid-October to mid-November |
+ + |
December |
Mid-December |
Since 2013, Fannie Mae has transferred a portion of the credit risk on single-family mortgages with an unpaid principal balance close to $2.4 trillion through its credit risk transfer efforts, including CAS, Credit Insurance Risk Transfer™ (CIRT™), and other forms of risk transfer.
About Connecticut Avenue Securities:
CAS REMIC notes are issued by a bankruptcy-remote trust. 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 our approach to credit risk management, individual CAS transactions, and EU and UK investor resources, visit our credit risk transfer website.
About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for people 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