Fannie Mae Priced $802 Million Multifamily DUS REMIC (FNA 2021-M17) Under Its GeMS Program prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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WASHINGTON, May 17, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) priced a $691 million Multifamily DUS
® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 12, 2021. FNA 2021-M13 marks the sixth Fannie Mae GeMS issuance of 2021. With the M13, Fannie Mae marks another milestone in the market s transition away from LIBOR with its first CMBS backed by Secured Overnight Financing Rate (SOFR)-indexed collateral, said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. The Group 1 collateral comprises our ARM 7-6 capped, floating-rate product, which has been SOFR-based since late 2020. The M13 also includes two fixed-rate groups of collateral and marks another GeMS program first with an A3 tranche backed by 12-year collateral. The A3 tranche offers a more call-protected option for investors requiring a more predictable maturity window. We continue to look for ways to attract new investors to th
Lush store shelves are bare as beauty company says its experiencing major supply chain woes awilliams@insider.com (Annabelle Williams)
Lush customers on social media have been complaining about a lack of inventory.
On social media, Lush said it is experiencing a materials shortage but expected a resolution soon.
Lush did not respond to a request for comment on the specifics of the shortage.
Lush has made waves on social media in the past month for empty shelves and low online inventory. The chain says its supply chain was interrupted and a raw materials shortage affected its ability to make its bath bombs, face masks, and other cult-favorite beauty products.
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WASHINGTON, April 19, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) priced an $879 million Multifamily DUS
® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on April 14, 2021. FNA 2021-M11 marks the fifth Fannie Mae GeMS issuance of 2021. We started the second quarter with an $879 million 10-year fixed-rate GeMS deal, building on the $21.5 billion in DUS issuance in Q1 2021, said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. This first quarter saw spreads continue to grind tighter despite the solid volumes; multifamily borrowers have benefitted from approximately a 30-basis-point tightening of spreads from pre-COVID levels, and investors continue to enjoy the strong underwriting of the DUS program. The M11, for example, offered investors a collateral pool with properties from 20 states, all while maintaining solid credit quality with a weighted average debt-service coverage ratio of 2.27
Fannie Mae Priced $879 Million Multifamily DUS REMIC (FNA 2021-M11) Under Its GeMS Program streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.