Fannie Mae Prices $904.3 Million Multifamily DUS REMIC (FNA 2013-M4) Under Its Fannie Mae GeMS™ Program

News provided by

Mar 14, 2013, 02:30 ET

WASHINGTON, March 14, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its third Multifamily DUS^® REMIC in 2013 totaling $904.3 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on March 13, 2013.

"FNA 2013-M4 is our first GeMS deal to include 10-year DUS pools with 7-years of yield maintenance, and we saw strong investor demand for these classes due to the yield pick up they offer," said Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital Markets.

All classes of FNA 2013-M4 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	$34,700,000	2.37	1.064	Fixed Rate	S+16	101.00
ASQ2	$547,662,561	4.81	1.451	Fixed Rate	S+24	101.00
X1	$582,362,561	4.19	4.123	WAC IO	J+55	16.11
ATS1	$37,800,000	4.69	1.574	Fixed Rate	S+35	101.20
ATS2	$284,121,566	8.67	2.608	Fixed Rate	S+58	101.00
X2	$321,921,566	8.20	1.154	WAC IO	Not Offered	Not Offered
Total	$904,284,127

Group 1 Collateral
UPB:	$582,362,562
Collateral:	97 Fannie Mae seasoned DUS MBS
Geographic Distribution:	CA (16.1%), MD (14.9%), VA (9.0%)
Weighted Average
Debt Service Coverage Ratio (DSCR):	1.64x
Weighted Average
Loan-to-Value (LTV):	68.22%

Group 2 Collateral
UPB:	$321,921,566
Collateral:	38 Fannie Mae 10/7 DUS MBS
Geographic Distribution:	TX (26.9%), CA (25.6%), CO (17.6%)
Weighted Average
Debt Service Coverage Ratio (DSCR):	1.46x
Weighted Average
Loan-to-Value (LTV):	75.18%


Settlement Date:	March 28, 2013

Lead Manager:	Credit Suisse
Co-Managers:	Barclays and Goldman Sachs

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2013-M4) 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 Investor Relations page of our Web site at www.fanniemae.com and on the SEC's Web site at www.sec.gov.

Fannie Mae enables people to buy, refinance, or rent a home.

Follow us on Twitter: http://twitter.com/FannieMae.

SOURCE Fannie Mae