Fannie Mae's Round Lot Megas offer additional liquidity to the marketplace

April 17, 2017

Fannie Mae is enhancing its Mega program by offering Round Lot Megas, larger Mega pools of specific coupons and vintages, which are designed to respond to the market’s desire for large homogenous pools and increased liquidity. The Round Lot Mega program allows dealers and investors to exchange collateral for one shared Mega. In April, Fannie Mae is offering three 30-year, 3.5% coupon Round Lot Mega pools, provided the market’s interest exceeds $3 billion per vintage. Vintages on these pools will be 2015, 2016, and 2017. Subject to market demand, we may expand the program offering on either a monthly or quarterly basis. Future coupons and vintages will be determined by investor interest.

The Round Lot Mega program is being offered at a reduced Mega transaction fee. Investors can participate in the Round Lot Mega program through contacting one of Fannie Mae’s approved Mega dealers.

For questions related to participating in the Round Lot Mega program, including the eligible collateral and transaction fees, please contact Fannie Mae’s Structured Transactions Group at 202-752-7875 or via e-mail.

For other questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 2 or via e-mail.