Fannie Mae Prices $1.01 Billion Multifamily DUS REMIC Under Its Fannie Mae GeMS™ Program

  Fannie Mae Prices $1.01 Billion Multifamily DUS REMIC Under Its Fannie Mae
                                GeMS™ Program

PR Newswire

WASHINGTON, Nov. 9, 2012

WASHINGTON, Nov. 9, 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 GeMS™) 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:

                              Coupon Coupon              Offered
Class Original Face  Average                    Spread
                              (%)    Type                Price
ASQ1  $13,274,000    1.43     1.247  Fixed Rate S+10     101.00
ASQ2  $385,774,467   2.80     0.987  Fixed Rate S+13     101.00
                                                Not      Not
X1    $399,048,467   2.27     4.081  WAC IO
                                                Offered Offered
A1    $107,250,000   5.72     1.360  Fixed Rate S+25     101.00
A2    $431,779,988   9.82     2.220  Fixed Rate S+43     101.00
AB1   $14,600,000    5.72     1.230  Fixed Rate S+35     99.75
AB2   $58,800,000    9.82     2.177  Fixed Rate S+61     99.75
                                                Not      Not
X2    $612,429,988   8.59     0.484  WAC IO
                                                Offered  Offered
Total $1,011,478,455

Group 1 Collateral
UPB:                              $399,048,467
Collateral:                    41 Fannie Mae 10/9.5 DUS MBS
Geographic Distribution:          TX (24.8%), CA (13.5%), VA (10.7%)
Weighted Average
Debt Service Coverage Ratio (DSCR): 1.69x
Weighted Average
Loan-to-Value (LTV):        66.57%
Group 2 Collateral
UPB:              $612,429,988
Collateral:            96 Fannie Mae 10/9.5 DUS MBS
Geographic Distribution:        FL (18.9%), TX (13.8%), CA (12.9%)
Weighted Average
Debt Service Coverage Ratio (DSCR): 1.86x
Weighted Average
Loan-to-Value (LTV):              67.48%
Settlement Date:                   November 30, 2012
Lead Manager:                    Citigroup
Co-Managers:                      Amherst Securities Group & Barclays

For additional information, please refer to the Fannie Mae GeMS REMIC Term
Sheet (FNA 2012-M17) available on Fannie Mae's Basics of Multifamily MBS site

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 and on the SEC's Web site at

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

Contact: Katherine Constantinou, +1-202-752-5403 or Resource Center:
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