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Fannie Mae Launches Benchmark REMICTM Issuance


WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today will launch its fourth Benchmark REMICTM issue. The company will offer $1.0 billion of Benchmark REMIC Trust 2007-B2 as a Guaranteed Maturity Class (GMC) with a final maturity date of December 28, 2020. Benchmark REMIC 2007-B2 is expected to price on May 11, 2007. The GMC will have a sequential pay structure and the underlying MBS used to collateralize the Benchmark REMIC will be Fannie Mae 30-year 5.5 percent coupon MBS with a 6.003 percent gross weighted average coupon (GWAC), a 338-month weighted average maturity (WAM) and a 19-month weighted average loan age (WALA).

Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and UBS Securities LLC will be the joint lead managers for Benchmark REMIC Trust 2007-B2. Co-managers of the transaction will be Bank of America Securities LLC, Credit Suisse Securities (USA) LLC and Lehman Brothers Inc.

Information about Benchmark REMIC Trust 2007-B2, of which the GMC is a part, will be available in the prospectus supplement on the Prospectus and Related Documents page of the company’s Web site at

Copies of the prospectus supplement can also be obtained by writing or calling the underwriters at:

Citigroup Global Markets Inc.
Prospectus Department
Brooklyn Army Terminal
140 58th Street, Suite 8-G
Brooklyn, New York 11220
(Tel. 718-765-6732)

J.P. Morgan Securities, Inc.
Broadridge Financial Solutions
Prospectus Department
1155 Long Island Avenue
Edgewood, New York 11717
(Tel. 631-254-7307)

UBS Securities LLC
Prospectus Department
1000 Harbor Boulevard
Weehawken, New Jersey 07086
(Tel. 201-352-1075)


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