Guaranteed REMIC Pass-Through CertiÑcates Fannie Mae REMIC Trust 2002-46 The CertiÑcates We, the Federal National Mortgage Association (""Fannie Mae''), will issue the classes of certiÑcates listed in the chart on this page. Payments to CertiÑcateholders We will make monthly payments on the certiÑcates. You, the investor, will receive ‚ interest accrued on the balance of your certiÑcate, and ‚ principal to the extent available for payment on your class. We may pay principal at rates that vary from time to time. We may not pay principal to certain classes for long periods of time. The Fannie Mae Guaranty We will guarantee that required payments of principal and interest on the certiÑcates are distributed to investors on time. The Trust and its Assets The trust will own Fannie Mae MBS. The mortgage loans underlying the Fannie Mae MBS are Ñrst lien, single-family, Ñxed-rate loans.
Original Class Balance
Final Distribution Date
CA(1) ÏÏÏÏÏÏÏÏ CB(1) ÏÏÏÏÏÏÏÏ IC(1) ÏÏÏÏÏÏÏÏ A ÏÏÏÏÏÏÏÏÏÏÏ AB ÏÏÏÏÏÏÏÏÏÏÏ D ÏÏÏÏÏÏÏÏÏÏÏ AC ÏÏÏÏÏÏÏÏÏÏÏ B ÏÏÏÏÏÏÏÏÏÏÏ R ÏÏÏÏÏÏÏÏÏÏÏ
$113,536,771 11,463,229 20,833,333(2) 15,000,000 50,943,899 45,151,829 2,441,043 11,463,229 0
SEQ SEQ NTL SEQ SEQ SEQ SEQ SEQ NPR
6.0% 6.0 6.0 5.0 5.0 5.0 5.0 5.0 0
FIX FIX FIX/IO FIX FIX FIX FIX FIX NPR
31392DWA6 November 2016 31392DWB4 August 2017 31392DWC2 August 2017 31392DWD0 November 2016 31392DWE8 December 2011 31392DWF5 August 2016 31392DWG3 November 2016 31392DWH1 August 2017 31392DWJ7 August 2017
(1) Exchangeable classes. (2) Notional balance. This class is an interest only class.
If you own certiÑcates of certain classes, you can exchange them for the corresponding RCR certiÑcates to be issued at the time of the exchange. The C Class is the RCR class, as further described in this prospectus supplement.
The dealer will oÅer the certiÑcates from time to time in negotiated transactions at varying prices. We expect the settlement date to be July 30, 2002.
Carefully consider the risk factors starting on page S-6 of this prospectus supplement and on page 10 of the REMIC prospectus. Unless you understand and are able to tolerate these risks, you should not invest in the certiÑcates. You should read the REMIC prospectus as well as this prospectus supplement. The certiÑcates, together with interest thereon, are not guaranteed by the United States and do not constitute a debt or obligation of the United States or any agency or instrumentality thereof other than Fannie Mae. The certiÑcates are exempt from registration under the Securities Act of 1933 and are ""exempted securities'' under the Securities Exchange Act of 1934.
June 13, 2002
TABLE OF CONTENTS
AVAILABLE INFORMATION ÏÏÏÏÏ REFERENCE SHEET ÏÏÏÏÏÏÏÏÏÏÏÏÏ ADDITIONAL RISK FACTORS ÏÏÏ DESCRIPTION OF THE CERTIFICATES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ GENERAL ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Structure ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Fannie Mae Guaranty ÏÏÏÏÏÏÏÏÏÏÏÏ Characteristics of CertiÑcates ÏÏÏÏÏ Authorized DenominationsÏÏÏÏÏÏÏÏ Distribution Dates ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Record Date ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Class Factors ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ No Optional TerminationÏÏÏÏÏÏÏÏÏ COMBINATION AND
S- 3 S- 4 S- 6 S- 7 S- 7 S- 7 S- 7 S- 7 S- 8 S- 8 S- 8 S- 8 S- 8 S- 8 S- 8 S- 8 S- 9 S- 9 S- 9 S-10 S-10 S-10 S-10 S-10 S-11 S-11 S-11
STRUCTURING ASSUMPTIONS ÏÏÏÏÏÏÏÏ Pricing Assumptions ÏÏÏÏÏÏÏÏÏÏÏÏÏ Prepayment Assumptions ÏÏÏÏÏÏÏÏÏ YIELD TABLE ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ General ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ The Fixed Rate Interest Only Class WEIGHTED AVERAGE LIVES OF THE CERTIFICATES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ DECREMENT TABLES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ CHARACTERISTICS OF THE
S-11 S-11 S-11 S-12 S-12 S-12 S-13 S-14 S-16
R CLASS ÏÏ
CERTAIN ADDITIONAL FEDERAL INCOME TAX CONSEQUENCES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ REMIC ELECTION AND SPECIAL TAX ATTRIBUTES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ TAXATION OF...