Fannie Mae Prices $450 Million Multifamily DUS Mega Securities Under the Fannie Mae GeMS™ Program

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Feb 04, 2011, 03:15 ET

WASHINGTON, Feb. 4, 2011 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today priced three separate Multifamily Mega securities totaling $450 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program. Structure and pricing details for the three securities are included in the table below.


Pool Number	FN0000	FN0001	FN0002
CUSIP	3138NJAA6	3138NJAB4	3138NJAC2
Pricing Date	February 4, 2011	February 4, 2011	February 3, 2011
Settlement Date	February 11, 2011	February 11, 2011	February 11, 2011
Maturity Date	September 1, 2020	December 1, 2020	December 1, 2017
Issue Size	$103,918,429	$236,999,732	$108,918,479
Number of Underlying Securities	32	101	23
Price	95.54	96.30	99.47
Spread to Swaps	S+70	S+72	S+60
WAC	3.584%	3.763%	3.309%
WALTV	62.50%	61.60%	60.70%
WADSCR	2.38x	1.98x	1.66x

Billing and delivery for these three Fannie Mae GeMS securities was conducted by Credit Suisse. For additional information, please refer to the Fannie Mae GeMS Megas Term Sheet available on Fannie Mae's Basics of Multifamily MBS site at www.fanniemae.com.

This release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this release constitutes advice on the merits of buying or selling a particular investment. Certain statements in this release may be considered forward-looking statements within the meaning of federal securities laws. 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 US Securities and Exchange Commission ("SEC") available on the Investors page of our Web site at www.fanniemae.com and on the SEC's Web site at www.sec.gov.

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

SOURCE Fannie Mae