CAS REMIC

Fannie Mae recently introduced the industry’s leading innovation in mortgage credit risk transfer, the CAS REMIC that furthers the ability to broaden the investor base. CAS deal structures from 2018-R07 forward are known as CAS REMICs, issued by a bankruptcy remote trust.

  • CAS REMIC Notes satisfy all of the REIT income and asset tests for tax purposes
  • Removal of tax withholding restrictions for non-U.S. investors in all tranches
  • Helps insulate investors from potential future counterparty risk exposure to Fannie Mae
  • Simplifies and aligns tax treatment of CAS with other mortgage related securities

This page consolidates all our published information related to the CAS REMIC proposal and structure for market participants.

MBS Trust and Prospectus