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Fannie Mae Redemption
Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
February 1, 2009
February 2, 2009

[philman_36]

Mortgage-Backed Securities
Fannie Mae intends to update its internal servicing system to make loan reporting easier for its servicers. Market participants should expect an implementation as early as February 2, 2009.
That might have been hard to do if he were successful.