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Second Party Opinion: Fannie Mae (Methodology of Shades of Green, formerly part of CICERO)

This report was produced by Shades of Green. On December 1, 2022, S&P Global acquired Shades of Green from CICERO.

The Federal National Mortgage Association (Fannie Mae) is the largest US government-sponsored enterprise. Green proceeds are used to finance the purchase of mortgages backed by 1) new Single-Family properties (1-4 residential units) that have green building certifications (GBCs) or 2) new and existing properties with solar photovoltaic (PV) systems.