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