Fannie Mae Prices $1.19 Billion Multifamily DUS REMIC Under Its Fannie Mae GeMS™ Program

  Fannie Mae Prices $1.19 Billion Multifamily DUS REMIC Under Its Fannie Mae
                                GeMS™ Program

PR Newswire

WASHINGTON, Jan. 18, 2013

WASHINGTON, Jan. 18, 2013 /PRNewswire/ --Fannie Mae (OTC Bulletin Board:
FNMA) priced its first Multifamily DUS^® REMIC in 2013 totaling $1.19 billion
under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS)
program on January 17, 2013.

"Participation in FLA 2013-M1 was quite broad, as the January effect has been
true to expectations. The book filled very quickly, and interest was strong
across the curve. We continue to see particularly high demand for IO," said
Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital
Markets.

All classes of FNA 2013-M1 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:

                     Weighted Coupon Coupon             Offered
Class Original Face  Average  (%)    Type       Spread
                     Life                               Price
ASQ1  $20,400,000    1.76     0.492  Fixed Rate S+10    100.00
ASQ2  $576,834,779   3.60     1.074  Fixed Rate S+16    101.00
X1    $597,234,779   3.54     4.568  WAC IO     Not     Not
                                                Offered Offered
A1    $96,369,000    5.62     1.502  Fixed Rate S+25    101.00
A2    $427,888,395   9.40     2.365  Fixed Rate S+43    101.00
AB1   $13,129,000    5.62     1.367  Fixed Rate S+35    99.75
AB2   $58,292,955    9.40     2.386  Fixed Rate S+60    99.75
X2    $595,679,350   8.28     0.669  WAC IO     J+160   4.74
Total $1,192,914,129

Group 1 Collateral
UPB:    $597,234,779
Collateral:  92 Fannie Mae
                                                              10/9.5 DUS MBS
                                                              CA (42.6%), PA
Geographic Distribution:         (8.7%), FL
                                                              (7.7%)
Weighted Average 
Debt Service Coverage Ratio (DSCR):                      1.81x
Weighted Average
Loan-to-Value (LTV):                    59.9%
Group 2 Collateral
UPB:                             $595,679,350
Collateral:            102 Fannie Mae
                                                              10/9.5 DUS MBS
                                                              CA (23.9%), TX
Geographic Distribution:                       (13.9%), MD
                                                              (9.9%)
Weighted Average
Debt Service Coverage Ratio (DSCR):                    1.60x
Weighted Average
Loan-to-Value (LTV):         66.4%
Settlement Date:          January 30, 2013
Lead Manager:           Jefferies
                                                              Credit Suisse
Co-Managers: and Goldman
                                                              Sachs



For additional information, please refer to the Fannie Mae GeMS REMIC Term
Sheet (FNA 2013-M1) 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.

Fannie Mae enables people to buy, refinance, or rent a home.

SOURCE Fannie Mae

Website: http://www.fanniemae.com
Contact: Katherine Constantinou, +1-202-752-5403, or Resource Center:
1-800-732-6643