| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 82,575.6 | 55,922.1 | 89,419.9 |
| ABS (Public + 144A excluding CDOs) | 68,245.3 | 48,061.8 | 63,537.6 |
| ABS (Public Only) | 35,173.2 | 23,372.6 | 37,010.2 |
| ABS (144A Only) | 47,402.4 | 32,372.6 | 52,409.7 |
| Non-Agency MBS | 25,609.9 | 21,277.2 | 47,423.0 |
| Agency MBS | 71,968.5 | 75,537.5 | 55,140.5 |
| CMBS | 33,052.6 | 34,790.6 | 38,362.0 |
| Source: Thomson Reuters | |||
Credit enhancement could increase for the most senior outstanding classes of notes, however, as the notes repay investors sequentially over time.
Almost all the notes are fixed rate, except for the A2-B tranche which pay a coupon based on the one-month Secured Overnight Financing Rae (SOFR).
While August's views on buying conditions and rates increased over July, the other components in Fannie Mae's sentiment index all declined, driving it lower.
The deal features a full turbo amortization structure, where all collections will be applied to amortize the bond principal. No cash will be paid to the sponsor until the bonds are paid in full.
Black homeownership fell to 43.9% this summer, its lowest since 2021, as rising unemployment and federal layoffs widened housing gaps across demographics.
White House National Economic Council NEC Director Kevin Hassett endorsed insulating the Fed from political pressure but echoed Trump allies' calls for reevaluating its mission.
