Fannie Mae Prices $509.1M Multifamily DUS REMIC

Fannie Mae recently priced a $509.1 million Multifamily DUS® REMIC through its Fannie Mae Guaranteed Multifamily Structures program. This issuance, FNA 2024-M4, is the second GeMS deal for Fannie Mae in 2024. Despite market challenges, such as rate volatility, Fannie Mae was pleased with the speedy execution of the deal and the strong investor interest.

The structure of FNA 2024-M4 includes various classes of securities, all guaranteed by Fannie Mae for full and timely payment of interest and principal. Investors can find detailed information about the structure of the offering in the provided table. The spread on FNA 2024-M4 was priced using the SOFR swap curve.

The collateral for this issuance consists of 76 Fannie Mae DUS MBS with geographic distribution including Texas, Florida, and Illinois. The weighted average Debt Service Coverage Ratio (DSCR) is 1.42x, and the weighted average Loan-to-Value (LTV) is 58.8%.

For more details, interested parties can refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2024-M4) available on the Fannie Mae GeMS Archive page. Fannie Mae is dedicated to promoting equitable access to homeownership and affordable rental housing across America. Through initiatives like the 30-year fixed-rate mortgage, Fannie Mae aims to facilitate responsible innovation in the housing market.

To learn more about Fannie Mae and its efforts, visit their website and follow them on social media platforms like Twitter, Facebook, LinkedIn, Instagram, and YouTube. For news updates, check out the Fannie Mae Newsroom. Additionally, you can reach the Fannie Mae Resource Center at 1-800-2FANNIE.

For those considering investing in Fannie Mae securities, it is advised to read the prospectus and prospectus supplement related to the security. Stay informed by reading Fannie Mae’s most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. These documents are available on the Investor Relations page of Fannie Mae’s website and the SEC’s website.

Photo: Fannie Mae Logo.

SOURCE: Fannie Mae

By providing detailed information about Fannie Mae’s recent Multifamily DUS® REMIC issuance, this article serves as a valuable resource for investors and individuals interested in the housing market. Follow Fannie Mae’s updates to stay informed about developments in the sector.

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