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 www.fanniemae.com/mbs/documents/remic/remicprospectussupplements.jhtml.
Copies of the prospectus supplement can also be obtained by writing or calling the underwriters at:
Citigroup Global Markets Inc.
Brooklyn Army Terminal
140 58th Street, Suite 8-G
Brooklyn, New York 11220
J.P. Morgan Securities, Inc.
Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
UBS Securities LLC
1000 Harbor Boulevard
Weehawken, New Jersey 07086
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