Connecticut Avenue Securities Investor Presentation
CAS 2020-R01 Transaction Overview
Est. $1.033 billion in offered notes (1)
10% CPR to Early Redemption 20% CPR to Early Redemption
Expected
Class
Loan Group
Offered Notes
(Est. $MM)
Credit
Support (%)
Tranche
Thickness (%)
Ratings
(Fitch/KBRA)
Expected WAL
Expected
Principal
Expected
Expected WAL
Principal
(yrs)
(yrs)
Window
Window
1M-1
1
$303.085
2.85%
1.10%
BBB-sf/BBB+ (sf)
2.58
1-48
1.37
1-25
1M-2
1
$523.509
0.95%
1.90%
Bsf/BB (sf)
6.25
48-84
3.94
25-79
1B-1
1
$206.648
0.20%
0.75%
NR/NR
7.01
84-84
6.98
79-84
1B-2
1
$0.000
0.00%
0.20%
N/A
N/A
N/A
N/A
N/A
(1) The Maturity Date for all classes will be January 2040. First Early Redemption Date will be January 2027.
Transaction Timeline*
January 2020
SMT
W
T
S
FL
1
2
3
4
5
10
6
7
8
9 10 11
Tape Release
Pre-Marketing
Broad Investor Call
12 13 14 15
16 17
18
Execution
19 20 21
22
23 24
25
Closing
26
27
28
29
30
30
31
*All dates are approximate
24
© 2021 Fannie Mae.
Deal timing:
Loan Data File: January 6, 2020
Pre-Marketing: January 8 - 10, 2020
CAS 2020-R01 Broad Investor Call: January 10, 2020
CAS 2020-R01 Execution: January 13 - 14, 2020
Closing and Settlement: January 23, 2020View entire presentation