Statement by Brian Faith, Managing Director, Communications, on Jumbo Conforming...

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Thu Apr 17, 2008 12:14pm EDT 

Statement by Brian Faith, Managing Director, Communications, on Jumbo
Conforming Loan Pricing, April 17, 2008

WASHINGTON, April 17 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM) is
providing price certainty for all our customers for jumbo-conforming
mortgages. We believe price certainty is important to help facilitate an
efficient market for jumbo-conforming mortgages. Since April 1, we have been
making jumbo-conforming whole loan pricing available for lenders large and
small in order to provide as much liquidity as possible to this sector of the
market. Currently, the yield Fannie Mae requires for fixed-rate, jumbo-
conforming loans is just 39 basis points higher than the yield for comparable
fixed-rate conforming loans. For jumbo-conforming whole loans, lenders can
lock in pricing for up to 90 days, and commitments are available for both
fixed-rate and adjustable-rate mortgages. We have 90-day forward MBS
commitments available as well and already have several in place.
SOURCE  Fannie Mae

Brian Faith of Fannie Mae, +1-202-752-6720
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