Item 7.01 Regulation FD Disclosure.

Fannie Mae announced on December 5, 2022 that it has commenced fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for the purchase of certain Connecticut Avenue Securities® (CAS) Notes. The Offers are being conducted upon the terms and subject to the conditions set forth in an offer to purchase and related notice of guaranteed delivery, each dated as of December 5, 2022. The Offers will expire at 5:00 p.m. New York City time on Friday, December 9, 2022 unless extended or earlier terminated.

Attached as Exhibit 99.1 and incorporated by reference herein is a press release announcing the Offers. The information in this report, including information contained in the exhibit submitted with this report, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of Section 18, nor shall it be deemed incorporated by reference into any disclosure document relating to Fannie Mae, except to the extent, if any, expressly incorporated by specific reference in that document.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are being submitted with this report:



Exhibit Number               Description of Exhibit
99.1                           Press release, dated December 5, 2022
104                          Cover Page Interactive Data File (embedded within the Inline XBRL
                             document)



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