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Fannie Mae Prices $1.12 Billion Multifamily DUS REMIC (FNA 2013-M3) Under Its Fannie Mae GeMSa" Program

^{Published on 2013-02-21 12:16:09 - Market Wire}
 

Fannie Mae Prices $1.12 Billion Multifamily DUS REMIC (FNA 2013-M3) Under Its Fannie... -- WASHINGTON, Feb. 21, 2013 /PRNewswire/ --

WASHINGTON, Feb. 21, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: [ FNMA ]) priced its second Multifamily DUS® REMIC in 2013 totaling $1.12 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on February 15, 2013.

"February has been a period of heavy supply, coupled with a continued sell off in rates," said Kimberly Johnson , Fannie Mae Senior Vice President of Multifamily Capital Markets.  "The deal priced well, but there is a growing sense that some duration players are feeling cautious as Residential MBS cheapens versus Multifamily MBS.  Offering collateral at different points on the curve has certainly helped to maintain strong execution." 

All classes of FNA 2013-M3 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.  The structure details for the multi-tranche offering are included in the table below:

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet ([ FNA 2013-M3 ]) available on Fannie Mae's [ Basics of Multifamily MBS ] site at [ www.fanniemae.com ].

Certain statements in this release may be considered forward-looking statements within the meaning of federal securities laws. In addition, not all securities will have the characteristics discussed in this release. Before investing in any Fannie Mae issued security, you should read the prospectus and prospectus supplement pursuant to which such security is offered. You should also read our most current Annual Report on Form 10-K and our reports on Form 10-Q and Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC") available on the [ Investor Relations ] page of our Web site at [ www.fanniemae.com ] and on the SEC's Web site at [ www.sec.gov ].

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SOURCE Fannie Mae