Updates to SOFR-indexed CMOs: Determination Dates and Offering Timing

June 11, 2020

After evaluating market feedback to the Introduction of SOFR-indexed CMOs announcement, Fannie Mae and Freddie Mac announced updates to the Determination Dates and timing of first available settlement for the SOFR-indexed CMO offering. All Delay and Non-Delay SOFR-indexed CMOs will now have a Determination Date of two business days prior to the start of the accrual period and will be available beginning in July 2020.

Fannie Mae and Freddie Mac have posted an updated SOFR-indexed CMO Framework presentation that explains the details of the SOFR-indexed CMOs. Please also refer to Fannie Mae's LIBOR Transition webpage to access the LIBOR Transition Playbook, FAQs, and more details on the LIBOR transition across various products.

Freddie Mac's Announcement

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


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.