Announcement

Fannie Mae Provides Insight into Hurricane Beryl

July 22, 2024

Fannie Mae is committed to ensuring assistance is available to homeowners and renters in need and we have reminded homeowners, renters, and mortgage servicers of disaster relief options for those affected by disasters. In response to the events surrounding Hurricane Beryl, we are providing transparency to the market to assist in analysis of our Connecticut Avenue Securities® (CAS) and Credit Insurance Risk Transfer™ (CIRT™) programs.

This table provides the following information:

  • Active unpaid principal balance (UPB) percentage located in Federal Emergency Management Agency (FEMA) counties designated for Hurricane Beryl Individual Assistance (IA) for our outstanding CAS and CIRT transactions. The list of FEMA IA counties is as of July 12, 2024.
  • Percentage of FEMA counties UPB designated for Hurricane Beryl located in Special Flood Hazard Areas (SFHAs).
  • Deal-level estimates of the percentage of UPB where Fannie Mae has determined that the underlying properties have potentially been damaged by Hurricane Beryl*.
  • Percentage of UPB with potential damage from Hurricane Beryl located in SFHAs.

Any material Hurricane Beryl-related impacts on Multifamily properties securing Fannie Mae loans will be communicated in a future update.

This information will be available in Data Dynamics as soon as practical. For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.

*This analysis provides the estimated percentage of unpaid principal balance (UPB) of the underlying properties located in areas that Fannie Mae has determined may have experienced hurricane-force winds, storm surge, or rain-driven flood due to Hurricane Beryl. The figures were derived based principally on information about geographic areas affected by the storm. The figures do not purport to include all properties that were impacted by the storm and may include properties that were not impacted. In addition, flooding and other storm related hazards continue to cause damage to properties in surrounding areas, so properties that are not currently impacted may be impacted in the future. In addition, it is not certain that all loans associated with properties impacted by the storm will experience losses. These figures are as of July 12, 2024.