Fannie Mae Prices $1.02 Billion Multifamily DUS® REMIC (FNA 2013-M9) Under Its Fannie Mae GeMS™ Program

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Jun 17, 2013, 01:37 ET

WASHINGTON, June 17, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its sixth Multifamily DUS® REMIC in 2013 totaling $1.02 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on June 12, 2013.

"Recent rate volatility certainly made things challenging, but investor demand remains particularly strong for shorter maturities and support bonds. We will continue to structure deals that provide investment opportunities across the curve and, in turn, strong liquidity for our borrowers," said Josh Seiff, Fannie Mae Director of Multifamily Capital Markets.

All classes of FNA 2013-M9 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:

Class	Original Face	Weighted Average Life	Coupon (%)	Coupon Type	Spread	Offered Price
ASQ1	$50,500,000	3.33	0.982	Fixed Rate	N+15	100.00
ASQ2	$381,659,343	4.90	1.825	Fixed Rate	N+32	101.00
X1	$432,159,343	4.71	3.540	WAC IO	Not Offered	Not Offered
A1	$89,700,000	5.18	1.976	Fixed Rate	N+40	101.00
A2	$429,500,000	9.55	2.389	Fixed AFC	N+64	95.39
AB1	$12,232,000	5.18	1.661	Fixed Rate	N+50	99.00
AB2	$58,568,199	9.55	2.389	Fixed AFC	N+68	94.79
X2	$590,000,199	8.79	0.078	WAC IO	Not Offered	Not Offered
Total	$1,022,159,542

Group 1 Collateral
UPB:	$432,159,343
Collateral:	74 Fannie Mae DUS MBS
Geographic Distribution:	CA (22.6%), NY (9.0%), PA (7.8%)
Weighted Average
Debt Service Coverage Ratio (DSCR):	1.83x
Weighted Average
Loan-to-Value (LTV):	60.5%

Group 2 Collateral
UPB:	$590,000,199
Collateral:	92 Fannie Mae DUS MBS
Geographic Distribution:	NY (14.0%), TX (11.0%), NC (10.5%)
Weighted Average
Debt Service Coverage Ratio (DSCR):	1.88x
Weighted Average
Loan-to-Value (LTV):	68.8%


Settlement Date:	June 28, 2013

Lead Manager:	Barclays
Co-Managers:	Deutsche Bank and Jefferies

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2013-M9) available on the Fannie Mae GeMS Archive page on 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.

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SOURCE Fannie Mae