Fannie Mae, the largest U.S. home funding company, said it launched its new $5.5 billion five-year benchmark note sale on Friday.

The notes are due October 26, 2015, and are expected to sell later on Friday.

Fannie Mae hired Barclays Capital, Citigroup and Deutsche Bank to handle the sale.

(Reporting by Pam Niimi; Editing by James Dalgleish)

Housing Market