Fannie Mae Updates Fees for Certain Commingled Resecuritizations

January 19, 2023

Today, Fannie Mae is announcing a decrease to the fixed upfront fee announced in June 2022 that is charged to create certain Supers® and real estate mortgage conduit (REMIC) securities that have underlying Freddie Mac Uniform Mortgage-Backed Securities (UMBS) collateral. The fee of 50 basis points that has been effective since July 1, 2022 will decrease to 3.0 ticks beginning April 1, 2023.

The fee is intended to be charged at the time of settlement of the security, though we reserve the right to charge this fee post-settlement if our final review of the collateral (post-settlement) demonstrates that commingled securities are present. The charge to create Fannie Mae Supers and REMIC securities that include solely Fannie Mae collateral remains unchanged.

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

Statement from FHFA

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.