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Fannie Mae Prices $1.01 Billion Multifamily DUS REMIC Under Its Fannie Mae GeMS™ Program - Update
Updated: The Coupon values have been updated in the table from Friday's preliminary values based on the final pricing of FNA-2012-M17.
By: PR Newswire
Nov. 13, 2012 01:19 PM
WASHINGTON, Nov. 13, 2012 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its tenth Multifamily DUS REMIC in 2012 totaling $1.01 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program on November 9, 2012.
"FNA 2012-M17 was well over-subscribed in the front end and pricing tightened a few basis points. Given the rally in rates this week, the longer tranches were more moderately received and priced close to expectations. We were pleased with the execution," said Kimberly Johnson, Fannie Mae Vice President of Multifamily Capital Markets.
All classes of FNA 2012-M17 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:
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 Investors page of our Web site at www.fanniemae.com and on the SEC's Web site at www.sec.gov.
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
SOURCE Fannie Mae
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