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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.”
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WASHINGTON, Jan. 25, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) priced a $315 million Social Multifamily DUS
® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on January 21, 2021. FNA 2021-M1S is the first Fannie Mae Social GeMS issuance.
The issuance aligns with Fannie Mae s Sustainable Bond Framework, which governs Fannie Mae s commitment to adhering to international standards in its issuance of green, social, and sustainable bonds. In 2020, Fannie Mae received a second party opinion on its Sustainable Bond Framework from independent third-party Sustainalytics.
The framework builds on Fannie Mae s 32-year history of supporting multifamily affordable housing, 10-year history of multifamily green financing, and its expansion into single-family green MBS issuance in 2020. Last year, Fannie Mae s Multifamily business provided $7.8 billion in financing for rent-restricted properties and properties
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WASHINGTON, Jan. 8, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) priced a $759 million Multifamily DUS
® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on January 8, 2021. FNA 2021-M1 marks the first Fannie Mae GeMS issuance of 2021. We opened 2021 by bringing the $759 million M1 transaction to market this week – building on the momentum of last year, said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. Fannie Mae s Multifamily business saw a record year of MBS issuance in 2020. In addition, Fannie Mae s re-securitization platform issued over $28 billion in ACES
® and GeMS REMICs – another record level. Despite high volumes and first quarter dislocation, spreads have remained strong and the Agency CMBS investor base continues to grow. We look forward to another strong year in 2021.