Monday, June 5, 2023 | The Latest Buzz for the Appraisal Industry

Fannie Mae Values CAS REMIC Deal at $866 Million with 101,000 Loans

Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R07, an approximately $866 million note offering that represents Fannie Mae’s seventh CAS REMIC transaction of the year. CAS is Fannie Mae’s benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.

The reference pool for CAS Series 2022-R07 consists of approximately 101,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $30.6 billion. The reference pool

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