Fannie Mae (OTCQB: FNMA) priced a $1.07 billion Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on February 10, 2021. FNA 2021-M4 marks the third Fannie Mae GeMS issuance of 2021.
"This week's M4 is backed by call-protected DUS 10-year fixed-rate collateral and offered investors a tight window, low premium investment opportunity," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. "As Agency CMBS spreads continue to grind tighter this year, we were pleased with the diversity of investors in the order book."
About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. 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 | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog