Federal National Mortgage Association : Fannie Mae Announces 2019 Connecticut Avenue Securities Issuance Calendar

December 17, 2018

Fannie Mae Announces 2019 Connecticut Avenue Securities Issuance Calendar

Matthew Classick

202-752-3662

WASHINGTON, DC - Fannie Mae (FNMA/OTCQB) announced today its 2019 Connecticut Avenue Securities^® (CAS) Issuance Calendar as part of an ongoing effort to ensure transparency in the market and help investors plan for the year. Fannie Mae has the option to issue, or forgo issuance of, one or more CAS deals during each window.

'The publication of our 2019 calendar is consistent with our approach to provide investors with transparency,' said Laurel Davis, Vice President for Credit Risk Transfer, Fannie Mae. 'We look forward to bringing six to seven deals to market next year, for a total of approximately $6-$7 billion in CAS REMIC^™ notes, dependent on market conditions.'

Since 2013, Fannie Mae has created attractive new markets to transfer mortgage credit risk to private investors. In October 2018, we priced the first benchmark Credit Risk Transfer transaction utilizing a REMIC structure, building on our track record of product innovation. Fannie Mae continues to lead the market, transferring a portion of credit risk on approximately $1.6 trillion of single-family mortgages, through its industry-leading programs, including CAS and Credit Risk Insurance Transfer^™ (CIRT^™).

About Connecticut Avenue Securities
CAS REMIC notes are issued by a bankruptcy-remote trust. The amount of periodic principal and ultimate principal paid on the notes is determined by the performance of a large and diverse reference pool. For more information on individual CAS transactions and Fannie Mae's approach to credit risk transfer, visit our credit risk sharing website.

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, 2017. 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.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families 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 and follow us on twitter.com/FannieMae.