Fannie Mae Pauses Re-REMICs for Additional Cohort of Freddie Mac Legacy LIBOR CMOs

Freddie Mac announced today that it is evaluating the potential impact of a LIBOR cessation on an additional cohort of its legacy CMOs linked to LIBOR, specifically those issued between March 2014 and July 2017 for which LIBOR is calculated using the "ICE Method." During Freddie Mac's evaluation period, Fannie Mae will not re-REMIC this cohort of Freddie Mac-issued legacy bonds, in addition to those bonds previously referenced in Freddie Mac’s November 26, 2019 announcement.

For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.