• April 2009
played by pool number and CUSIP. This informationis updated daily at approximately 8:00 a.m.
shows the data as displayed for 30-year xed-rate
Majors as of April 21, 2009. This information is also
available for 30-year xed-rate Majors and other Ma
- jors via Bloomberg by typing FNM <go> Fannie MaeProduct Info <go> MBS <go> then select the Majors
pools product type, for example, “30-year xed-rate
program.”For Fannie Majors issued before March 1, 2009, in-vestors have been able to gain access to pool infor-mation via PoolTalk®, Bloomberg and the prospectussupplement for each new Majors pool on the third tolast business day prior to the end of the month of is-suance.
Fannie Majors and High-Balance Loans
Delivery of high-balance loans into TBA-eligible Fan-nie Majors pools is permitted. However, as with other non-standard pool characteristics (such as reloca-
tion loans, cooperative properties and signicant
buydowns), the ten percent de minimis restriction, asproscribed by the American Securitization Forum, willbe applied to each discrete lender delivery (settle-ment) into a given Fannie Majors pool, rather thanat the pool level. High-balance loans can be pooledfor Fannie Majors pools with appropriate non-TBA-
eligible prexes as well, including CJ, CK, NJ, JI andJL prexes for xed-rate MBS and LD prex for ARM
MBS. There are no such de minimis restrictions onnon-TBA-eligible pools.Effective May 1, 2009, Fannie Mae will accept for delivery loans originated in 2009 using revised loanlimits set by FHFA pursuant to the American Recoveryand Reinvestment Act of 2009. A description of thesenew loan limits is contained in the addendum to this
Description of Enhanced MajorsDisclosures
Beginning with March 1, 2009 issuance, Fannie Maebegan providing market participants with enhancedpool-level disclosure documentation, including interimprospectus supplements for Fannie Majors on a dailyrolling basis as pieces of Majors pools close through-out the month. The interim prospectus supplementwill contain cumulative data to date for each pool.
The nal prospectus supplement for each security will
be available on the second business day prior to theend of the month of issuance. These enhancementsprovide investors with a more clear and timely sum-mary of the characteristics of loans backing FannieMajors. Before this enhanced disclosure was imple-mented, market participants had expressed that theywould value having more frequent updates about thepool characteristics of Fannie Majors before the poolswere closed.
A high-balance loan is a loan with an unpaid principal balance (UPB) at origination greater than the general loan limit and up to the high-cost limits set by FHFA pursuant tothe American Recovery and Reinvestment Act (ARRA). For one-unit single-family loans in the continental U.S. a high-cost loan would be a loan whose origination UPB is
between $417,000 and $729,750.
Exhibit 3: Fannie Mae 30-Year Fixed-Rate Majors (last pool added: 04/21/2009)
DAILY DAILY DAILY
APRIL APRIL AGGREGATE MAY MAY AGGREGATE JUNE JUNE AGGREGATE
POOL CUSIP BALANCE POOL CUSIP BALANCE POOL CUSIP BALANCE
3.5% MA0094 31417YC88 12,790,620.004.0% MA0076 31417YCN5 149,410,540.00 MA0091 31417YC544.5% MA0065 31417YCB1 465,314,823.00 MA0092 31417YC625.0% MA0066 31417YCC9 83,720,768.00 MA0093 31417YC705.5% MA0079 31417YCR6 26,412,066.00
6.0% MA0080 31417YCS4 12,006,147.00
6.5% MA0081 31417YCT2 7,365,117.00
7.5%For more information, call the Capital Markets Sales Desk at 1-800-752-0257.
The aggregate balance of a Majors pool disclosed in the Daily Aggregate Balance column represents the aggregate balance of all outstanding FannieMae mortgage-backed securities for a Majors pool that have settled from the issue date through the close of business on the most recent business day.Because some of the related mortgage-backed securities may not yet be issued and outstanding, the aggregate securities balance for a Majors poolmay be less than the aggregate balance of the mortgage loans in the related loan pool.