Fannie Mae’s risk sharing transaction may be similar to Freddie Mac’s deal but some key difference broaden the deal’s investor appeal an could tighten pricing by up to 50 basis points, said Deutsche Bank analysts in a report today.

Fannie Mae’s Connecticut Avenue Securities 2013-C01 senior mezzanine class (M1) has been rated ‘BBB-’ by Fitch Ratings. The rating broadens the potential investor base for the deal, which “should be constructive for pricing on the M1 class,” said Deutsche Bank analysts.

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