Fannie Mae Prices $584 million Multifamily DUS REMIC under its GeMS™ Program

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May 18, 2011, 12:21 ET

WASHINGTON, May 18, 2011 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its first Multifamily DUS REMIC in 2011 totaling $584 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on Tuesday, May 17, 2011. Structure details for the multi-tranche offering are included in the table below.


Class	CUSIP	Original Face	Weighted Average Life	Coupon	Coupon Type	Spread	Price
A1	31397UPD5	$30,225,000	4.09	1.981%	Fixed Rate	S+45	99.5
A2	31397UPE5	59,800,000	8.76	3.607%	Fixed Rate	S+67	99.5
A3	31397UPF0	353,842,465	9.84	3.763%	Fixed Rate	S+65	99.5
FA	31397UPG8	140,122,610	9.31	1mo L+45, 7% Cap	Floating Rate	L+45	100
SA	31397UPH6	140,122,610	9.31	6.353%	Inverse Interest Only	Not offered	Not offered
X	31397UPJ2	583,990,075	9.31	0.272%	Interest Only	Not offered	Not offered
Total		$583,990,075

Collateral:	109 DUS Pools
Geographic Distribution:	NY (22.9%), CA (18.7%), TX (10.7%)
Debt Service Coverage Ratio (DSCR):	1.79x
Loan-to-Value (LTV):	62%
Settlement Date:	5/27/2011

Lead Manager:	Credit Suisse
Co-Managers:	Amherst Securities Group, L.P. and Deutsche Bank Securities

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2011-M1) available on Fannie Mae's Basics of Multifamily MBS site at 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 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