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Fannie Mae Prices $1.07 Billion Multifamily DUS REMIC (FNA 2021-M4) Under Its GeMS Program
February 11, 2021 GMT
WASHINGTON, Feb. 11, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $1.07 billion Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on February 10, 2021. FNA 2021-M4 marks the third Fannie Mae GeMS issuance of 2021.
“This week’s M4 is backed by call-protected DUS 10-year fixed-rate collateral and offered investors a tight window, low premium investment opportunity,” said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. “As Agency CMBS spreads continue to grind tighter this year, we were pleased with the diversity of investors in the order book.”