Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R05, an approximately $952 million note offering that represents Fannie Mae’s fifth CAS REMIC transaction of the year. The reference pool for CAS Series 2022-R05 consists of approximately 127,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $38.5 billion.
The reference pool includes collateral with loan-to-value ratios of 80.01% to 97%, which were acquired between May 2021 and July 2021. The loans
