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-0.0223214285714287 -0.0401785714285716 -0.0178571428571429 -0.0267857142857143 -0.0312499999999999 -0.0267857142857143 -0.0312499999999999 -0.0401785714285714
Stock impact report

Fannie Mae Prices Second Multifamily Connecticut Avenue Securities Deal

Federal National Mortgage Association (FNMA) 
Company Research Source: PR Newswire
WASHINGTON, March 10, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced that it priced its second Multifamily Connecticut Avenue Securities® (MCAS™) transaction as part of the company's ongoing efforts to expand the types of loans covered and promote the continued growth of the credit risk transfer market. MCAS Series 2020-01 is a $425.6 million note offering that complements Fannie Mae's Delegated Underwriting and Servicing (DUS®) and Multifamily Credit Insurance Risk Transfer (MCIRT™) programs."We are excited to bring to market the second MCAS transaction," said Dan Dresser, Senior Vice President, Multifamily Capital Markets and Pricing, Fannie Mae. "The MCAS program provides us a sustainable and scalable way to manage capital as well as promote the continued growth of the credit risk transfer market. We are pleased to see positive market reception, especially given the recent market volatility." The reference pool for MCAS Series 2020-01 consists of approximately 218 mu Show less Read more
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