Fannie Mae Sells $538 Million Multifamily DUS Mega Securities Under its GeMS™ Program

WASHINGTON, March 28, 2011 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) sold four separate Multifamily Mega securities totaling $538 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on Thursday, March 24, 2011.  Structure details for the four securities are included in the table below.

Billing and delivery for these four Fannie Mae GeMS deals was conducted by Citigroup. 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.

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 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

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