Fannie Mae has Published Updated Multifamily MBS Prospectuses Effective October 1, 2020

Fannie Mae has updated the Multifamily MBS Prospectuses. The updated Prospectuses will be used for Multifamily MBS issued on or after October 1, 2020. Investors should review and become familiar with the information contained in the applicable prospectus or prospectuses.

These updates include, but are not limited to, the following:

• Inclusion of the SOFR index and related risk factors for Adjustable-Rate Mortgages (ARMs)
• General updates for Fixed-Rate and ARM products to align with current business

Learn more about the LIBOR Transition at Fannie Mae, including access to our Playbook and FAQs, on the LIBOR Transition webpage.

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

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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.

You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.