General World News

Fannie Mae launches eighth CAS note offering this year

Fannie Mae has unveiled its eighth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, a $626.3 million note offering backed by a reference pool of single-family mortgages valued at $20.4 billion.

The offering is slated to close Aug. 5, according to a presale review by the Kroll Bond Rating Agency (KBRA). This latest CAS transaction, CAS 2022-R08, involves a reference pool of 67,644 single-family mortgage loans.

The states with the largest concentrations of mortgages in the reference loan pool for the credit-risk transfer (CRT) offering are California, 18.3%; Texas, 7.2%; Florida, 6.8%; Washington, 4.5%; and Arizona, 4%, according to KBRA. The leading originators for details ⇒

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