Fannie Mae (OTCQB: FNMA) priced a $759 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on January 8, 2021. FNA 2021-M1 marks the first Fannie Mae GeMS issuance of 2021.

"We opened 2021 by bringing the $759 million M1 transaction to market this week – building on the momentum of last year," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. "Fannie Mae's Multifamily business saw a record year of MBS issuance in 2020. In addition, Fannie Mae's re-securitization platform issued over $28 billion in ACES® and GeMS REMICs – another record level. Despite high volumes and first quarter dislocation, spreads have remained strong and the Agency CMBS investor base continues to grow. We look forward to another strong year in 2021."

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