Fannie Mae Announces Replacement Subtypes for Retired ARM Subtypes

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MBS News and Announcements

Fannie Mae Announces Replacement Subtypes for Retired ARM Subtypes


As described in the MBS announcement on March 12, 2014, the Board of Governors of the Federal Reserve System has discontinued certain indices related to rates paid on certificates of deposit, resulting in certain ARM subtype retirements.  Fannie Mae has determined the new replacement ARM subtype classifications which will become available May 12, 2014.  Below are the discontinued subtypes and their replacement classifications.

(Note: In addition to the retirement of subtypes announced on March 12, 2014, subtype 4D was also retired. The chart below includes this subtype and its new replacement subtype).   

Retired ARM Subtype

New Replacement ARM

Subtype

IC

25A

4D, G20

35A

G19, GAC

35B

GA

35C

Y9B

35D

Y9E

35E

Y9F

35F

Y9QW, Y9RW

MMHW

Y9MW

MMJW

The list of affected securities was made available in the March 12, 2014 MBS announcement.

For questions, investors may contact the Fannie Mae Fixed-Income Investor Helpline at 1-800-237-8627 or by e-mail.



Originally published: 05/02/14