Fannie M2s widen as fourth deal hits screens

Fannie Mae
By Matthew Scully
15 Jul 2014

The riskiest portion of Fannie Mae’s $2.05bn risk-sharing RMBS is on target to sell on Wednesday at a wider spread than previous deals, which could be due to waning novelty in the sector.

The 1M-1 tranche in this week’s CAS transaction, Fannie’s fourth deal to date and third this year, is being guided at around 100bp over one month Libor, according to guidance documents viewed by GlobalCapital. 

That would be slightly wider than its May issuance, which was sold at par with ...

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