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July 19, 2013 at 16:36 PM EDT
Fannie Mae Prices $583 Million Multifamily DUS REMIC (FNA 2013-M11) Under Its Fannie Mae GeMS™ Program

WASHINGTON, July 19, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its seventh Multifamily DUS® REMIC in 2013 totaling $583 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 15, 2013.

"Given the broader market uncertainty, we saw superior demand for floating-rate paper and structured a smaller, floating-rate deal off of seasoned, fixed-rate collateral. Investor interest in the floater was strong, and the tranche was more than two times oversubscribed," said Josh Seiff, Fannie Mae Director of Multifamily Capital Markets. "In addition, we sold the remaining three tranches to multiple investors through reverse inquiry."

All classes of FNA 2013-M11 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:


Original Face

Weighted Average Life

Coupon (%)

Coupon Type








Fixed Rate

Not offered

Not offered





Floating Rate

33 DM






Inverse IO

Not offered

Not offered






Not offered

Not offered




Group 1 Collateral




81 Fannie Mae DUS MBS

Geographic Distribution:

CA (32.2%), MD (12.6%), MO (7.0%)

Weighted Average

Debt Service Coverage Ratio (DSCR):


Weighted Average

Loan-to-Value (LTV):


Settlement Date:

July 30, 2013

Lead Manager & Sole Bookrunner:

Credit Suisse

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2013-M11) available on the Fannie Mae GeMS Archive page on

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 and on the SEC's Web site at

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SOURCE Fannie Mae

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