Upcoming Changes to Multifamily Fed Class Codes

May 10, 2018


Beginning on July 30, 2018, Fannie Mae will issue multifamily fixed- and adjustable-rate securities under new class codes. As a result, today, the Federal Reserve released a clearing memo to update Fedwire Securities Service Participants of these changes.

These new class codes, which are listed below, do not apply to multifamily securities issued prior to July 30, 2018.

Multifamily Class Codes Prior to July 30, 2018 Multifamily Class Codes On or After July 30, 2018 Securities Description
FNMS MNMS Fixed-rate multifamily mortgage securities
FNAR MNAR Adjustable-rate multifamily mortgage securities
FNRM MNRM Fixed-rate multifamily REMIC securities
FNRA MNRA Adjustable-rate multifamily REMIC securities

Please consider any impact the new class codes may have to current systems and business processes. The class code is disclosed in the MBS Stats file published in PoolTalk® as Security Type. The allowable values for Security Type will change to include the new class codes.

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