Fannie Mae Announces 2025 Connecticut Avenue Securities (CAS) Issuance Calendar
Fannie Mae (FNMA) has released its 2025 Connecticut Avenue Securities® (CAS) Issuance Calendar, projecting approximately $4 billion in total CAS volume across 5-7 transactions. The company plans to launch CAS 2025-R01, a low-LTV transaction, in mid-to-late January 2025. The execution of these issuances will depend on market conditions and other factors.
Since 2013, Fannie Mae has transferred credit risk on single-family mortgages with an unpaid principal balance of about $3.2 trillion through various Credit Risk Transfer (CRT) efforts, including CAS, Credit Insurance Risk Transfer™ (CIRT™), and other risk transfer methods.
Fannie Mae (FNMA) ha pubblicato il suo Calendario di Emissione dei Connecticut Avenue Securities® (CAS) per il 2025, prevedendo un volume totale di circa $4 miliardi in totale di CAS distribuito su 5-7 transazioni. L'azienda prevede di lanciare il CAS 2025-R01, una transazione a basso LTV, a metà-fine gennaio 2025. L'esecuzione di queste emissioni dipenderà dalle condizioni di mercato e da altri fattori.
Dal 2013, Fannie Mae ha trasferito il rischio di credito su mutui residenziali con un saldo principale non pagato di circa $3,2 trilioni attraverso vari sforzi di Trasferimento del Rischio di Credito (CRT), inclusi CAS, Credit Insurance Risk Transfer™ (CIRT™) e altri metodi di trasferimento del rischio.
Fannie Mae (FNMA) ha publicado su Calendario de Emisión de los Connecticut Avenue Securities® (CAS) para 2025, proyectando un volumen total de aproximadamente $4 mil millones en total de CAS a través de 5-7 transacciones. La empresa planea lanzar el CAS 2025-R01, una transacción de bajo LTV, a mediados o finales de enero de 2025. La ejecución de estas emisiones dependerá de las condiciones del mercado y otros factores.
Desde 2013, Fannie Mae ha transferido el riesgo de crédito de hipotecas unifamiliares con un saldo de principal no pagado de aproximadamente $3.2 trillones a través de varios esfuerzos de Transferencia de Riesgo de Crédito (CRT), incluyendo CAS, Credit Insurance Risk Transfer™ (CIRT™) y otros métodos de transferencia de riesgo.
팬니 메이 (FNMA)는 2025년 코네티컷 애비뉴 증권(CAS) 발행일정을 발표하며, 총 약 40억 달러의 CAS 총액이 5-7건의 거래에 걸쳐 이루어질 것으로 전망했습니다. 회사는 2025년 1월 중순에서 말 사이에 낮은 LTV 거래인 CAS 2025-R01을 출시할 계획입니다. 이러한 발행의 실행은 시장 상황과 기타 요인에 따라 달라질 것입니다.
2013년 이후, 팬니 메이는 약 3.2조 달러의 미지급 원금 잔액을 가진 단독 주택 모기지에 대한 신용 위험을 다양한 신용 위험 이전(CRT) 노력, CAS, 신용 보험 위험 이전™ (CIRT™) 및 기타 위험 이전 방법을 통해 이전해왔습니다.
Fannie Mae (FNMA) a publié son Calendrier d'Émission des Connecticut Avenue Securities® (CAS) pour 2025, prévoyant un volume total d'environ 4 milliards de dollars en CAS à travers 5-7 transactions. L'entreprise prévoit de lancer le CAS 2025-R01, une transaction à faible LTV, entre mi et fin janvier 2025. L'exécution de ces émissions dépendra des conditions du marché et d'autres facteurs.
Depuis 2013, Fannie Mae a transféré le risque de crédit sur des hypothèques unifamiliales avec un solde principal impayé d'environ 3,2 trillions de dollars à travers divers efforts de Transfert de Risque de Crédit (CRT), y compris le CAS, le Transfert de Risque d'Assurance Crédit™ (CIRT™) et d'autres méthodes de transfert de risque.
Fannie Mae (FNMA) hat seinen Emissionskalender für die Connecticut Avenue Securities® (CAS) 2025 veröffentlicht, der ein Gesamtvolumen von etwa 4 Milliarden Dollar in CAS für 5-7 Transaktionen prognostiziert. Das Unternehmen plant, den CAS 2025-R01, eine Transaktion mit niedrigem LTV, Mitte bis Ende Januar 2025 einzuführen. Die Durchführung dieser Emissionen wird von den Marktbedingungen und anderen Faktoren abhängen.
Seit 2013 hat Fannie Mae das Kreditrisiko bei Einfamilienhäusern mit einem ausstehenden Hauptsaldo von etwa 3,2 Billionen Dollar durch verschiedene Anstrengungen zur Übertragung von Kreditrisiken (CRT) übertragen, darunter CAS, Credit Insurance Risk Transfer™ (CIRT™) und andere Risikotransfermethoden.
- Projected $4 billion in CAS issuance volume for 2025
- Continuation of successful credit risk transfer program that has handled $3.2 trillion in mortgage principal balance since 2013
- None.
"Fannie Mae will continue to be dynamic in its approach to CRT issuance in 2025. We currently expect total CAS volume of around
Since 2013, Fannie Mae has transferred a portion of the credit risk on single-family mortgages with an unpaid principal balance of approximately
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
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Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
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Statements in this release regarding the company's future CAS transactions are forward-looking. Actual results may be materially different as a result of market conditions or other factors listed in "Risk Factors" or "Forward-Looking Statements" in the company's annual report on Form 10-K for the year ended December 31, 2023. This release does not constitute an offer or sale of any security. Before investing in any Fannie Mae issued security, potential investors should review the disclosure for such security and consult their own investment advisors.
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