Fannie Mae Prices $763.0 Million Multifamily DUS REMIC (FNA 2017-M5) Under Its GeMS Program

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May 10, 2017, 15:31 ET

WASHINGTON, May 10, 2017 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its fifth Multifamily DUS^® REMIC in 2017 totaling $763.0 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 9, 2017.

"We saw great investor response on both shorter, floating-rate bonds and 12-year, fixed-rate bonds in this deal," said Josh Seiff, Fannie Mae's Vice President of Capital Markets and Trading. "More than 40 accounts bought bonds. This kind of execution really highlights the ability of the Fannie Mae DUS platform to match borrower needs with investor demand across the yield curve."

All classes of FNA 2017-M5 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 in the table below:

Class	Original Face	Weighted Average Life	Coupon (%)	Coupon Type	Spread	Offered Price
FA1	$16,979,530	6.26	1.665	Floater/AFC	Not Offered	Not Offered
FA2	$43,203,985	6.24	1.665	Floater/AFC	Not Offered	Not Offered
FA3	$74,834,075	6.26	1.665	Floater/AFC	67 DM	99.90
FX1	$135,017,590	0.66	0.632	WAC IO	Not Offered	Not Offered
FA	$231,842,340	6.46	1.525	Floater/AFC	49 DM	99.90
FX	$231,842,340	0.80	0.611	WAC IO	Not Offered	Not Offered
A1	$60,938,000	7.29	2.727	Fixed/AFC	S+53	100.00
A2	$335,224,697	11.70	3.306	WAC	S+72	101.00
Total	$763,022,627

Group 1 Collateral

UPB:	$135,017,590
Collateral:	19 Fannie Mae DUS MBS
Geographic Distribution:	CO (32.0%), FL (20.4%), CA (11.4%)
Weighted Average
Debt Service Coverage Ratio (DSCR):	1.57x
Weighted Average
Loan-to-Value (LTV):	74.5%

Group 2 Collateral

UPB:	$231,842,340
Collateral:	29 Fannie Mae DUS MBS
Geographic Distribution:	TX (37.6%), FL (15.8%), IN (11.4%)
Weighted Average
Debt Service Coverage Ratio (DSCR):	2.10x
Weighted Average
Loan-to-Value (LTV):	73.7%

Group 3 Collateral

UPB:	$396,162,697
Collateral:	33 Fannie Mae DUS MBS
Geographic Distribution:	TX (18.0%), WA (15.1%), NJ (11.5%)
Weighted Average
Debt Service Coverage Ratio (DSCR):	1.32x
Weighted Average
Loan-to-Value (LTV):	73.9%

Settlement Date:	May 31, 2017

Lead Manager:	Amherst Pierpont Securities
Co-Managers:	Citigroup
	KGS-Alpha Capital Markets
	Multi-Bank Securities

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2017-M5) available on the Fannie Mae GeMS Archive page http://www.fanniemae.com/portal/jsp/mbs/mbsmultifamily/gems_archive.html.

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.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

SOURCE Fannie Mae