Fannie Mae Provides Update on COFI-Indexed Multifamily ARMs
Fannie Mae previously communicated details related to the transition of our securities indexed to the 11th District Monthly Weighted Average Cost of Funds Index (COFI) to their respective replacement indices. Today, we are announcing that the mortgage margin and MBS margin will change for Multifamily Adjustable-Rate Mortgages (ARMs) with loan documents that provide for adjustments to the mortgage margin related to the index change. For MBS affected by these changes, the new margins will be available to view on DUS Disclose prior to becoming effective. There will be no change to the MBS Margin Structure or subtype. The previously published list of active impacted securities has been updated to indicate the Multifamily ARM MBS with margin changes.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this announcement constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Prospectus and the Prospectus Supplement and the related legal documentation, and no reliance may be placed on the completeness or accuracy of the information contained in this announcement.
You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.