Volume 14 - Number 24
November 26, 2014
Fannie Prices Its Fourth CAS Deal Of 2014; Backed by $53.8B UPB
Fannie Mae has priced its final risk-sharing transaction of the year, a nearly $1.5 billion offering that priced wider than previous deals, the GSE announced last week. The $1.49 billion note is the GSE’s fourth transaction under its Connecticut Avenue Securities series of 2014. Last year, the Federal Housing Finance Agency ordered both Fannie Mae and Freddie Mac to shrink the GSEs’ role in the U.S. housing market.
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