Connecticut Avenue Securities Investor Presentation

CRT Quarterly Trading Volume and Turnover Billions $20.00 $18.00 $16.00 CRT Trading Volume $42B of secondary trading in CAS bonds in the last 12 months, over one times float of $24.1B* $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $- 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 CAS trading volume (Quarterly) 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 STACR trading volume (Quarterly) 3Q20 60% CRT Turnover 50% 40% 30% 20% 10% 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 Source: Fannie Mae trading survey, Bloomberg *As of September 2020 **Note: total quarterly trading volume/average quarterly outstanding UPB 18 © 2021 Fannie Mae. 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 CAS STACR 3Q20

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