Fannie Mae Issues Inaugural Multifamily and Single-Family SOFR ARM MBS

October 30, 2020

Fannie Mae issued the market's first-ever Multifamily and Single-Family Mortgage-Backed Securities (MBS) backed by adjustable-rate mortgages (ARMs) referencing the Secured Overnight Financing Rate (SOFR), with trade dates on September 10th and October 23rd, respectively. These MBS, which demonstrate operational readiness to further advance the transition to an alternative reference rate, traded at spreads consistent with LIBOR spreads, signifying further market acceptance of SOFR.

Since Fannie Mae began accepting Multifamily and Single-Family SOFR-based ARMs, increased commitments from both multifamily and single-family lenders are a positive indication of progress in the market.

Learn more about Fannie Mae's LIBOR Transition efforts on its webpage.


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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.

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