Fannie Mae (OTC Bulletin Board: FNMA) priced its seventh Multifamily DUS® REMIC in 2017 totaling $902.3 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 12, 2017.
"This deal was backed by 118 mortgage-backed securities, which financed nearly 17,000 units in 30 states," said Josh Seiff, Fannie Mae's Vice President of Capital Markets and Trading. "The GeMS program creates greater liquidity for DUS MBS and helps Fannie Mae meet the needs of multifamily borrowers of all sizes in all markets."
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.comand follow us ontwitter.com/fanniemae.