Fannie Mae’s Connecticut Avenue Securities® (CAS) direct debt transactions and CAS REMIC® transactions received designations from the National Association of Insurance Commissioners (NAIC) for the 2025 filing year. Overall, of the 97 CAS Offered Notes that were reviewed, 97% achieved an NAIC 1 Designation and 3% received an NAIC 2 Designation. Seventeen bonds received an upgrade from the 2024 Designations.
The NAIC Designations are available here and are also posted on our website.
For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.