Fannie Mae Prices $1.19 Billion Multifamily DUS REMIC (FNA 2017-M13) Under Its GeMS Program

11/5/17

Fannie Mae (OTC Bulletin Board: FNMA) priced its eleventh Multifamily DUS® REMIC in 2017 totaling $1.19 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on November 1, 2017.

"With the FNA 2017-M13 this week, we continue to build on our early success with Green CMBS offerings; the Group 3 A1, A2, and X tranches are all backed by Fannie Mae's 10-year, fixed-rate Green MBS collateral," said Dan Dresser, Vice President, Multifamily Capital Markets, Trading & Credit Pricing. "This is Fannie Mae's third GeMS deal with a Green-only collateral group included. Strong interest from our traditional DUS investors and a new community of socially responsible investors helped to drive spreads tighter across the entire deal."

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.com and follow us ontwitter.com/fanniemae.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.