Announcement

Mr. Cooper Cyber Security Incident

November 6, 2023

On November 2, 2023, Mr. Cooper Group Inc. announced that it was the target of a cyber security incident on October 31 that resulted in their shutting down certain systems as a precautionary measure. As a result, Fannie Mae did not receive loan activity reporting, which includes loan payoffs and payment corrections, from Mr. Cooper during the last few days of the reporting cycle related to October loan activity.

When servicers do not report loan activity to us, we distribute scheduled principal and interest to mortgage-backed securities (MBS) certificateholders.  As a result, any prepayments that were received by Mr. Cooper but were not reported to us related to October loan activity will be distributed to MBS certificateholders on the first distribution date that follows our receipt and reconciliation of the required prepayment information from Mr. Cooper.

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

This is not an offer to buy or sell any Fannie Mae securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Fannie Mae’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC); all other reports Fannie Mae files with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act), excluding any information "furnished" to the SEC on Form 8-K; and all documents that Fannie Mae files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

The financial and other information contained in this announcement and in the documents that may be accessed through this announcement speaks only as of the date of those documents. The information could be out of date and no longer accurate. Fannie Mae undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

These materials may contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management's expectations for the company's future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company's most recent Annual Report on Form 10-K, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at https://www.fanniemae.com/about-us/investor-relations/sec-filings and the SEC's website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this announcement.