Fannie Mae offers cash for eight mortgage-credit-risk note classes
Fannie Mae ($FNMA) has launched fixed-price cash tenders for all notes in eight specified Connecticut Avenue Securities classes issued by six mortgage-credit-risk-transfer trusts. Quoted consideration ranges from $1,016.20 to $1,041.40 per $1,000 of original principal, incorporating the applicable monthly certificate percentages. The offers expire at 5 p.m. New York time on October 2 unless extended or terminated earlier. Purchases would reshape the group’s outstanding credit-risk-transfer expos
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