Fannie Mae Provides Monthly, Ongoing Single-Family MBS Loan-Level Disclosure

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News Release

January 18, 2013

Fannie Mae Prices $1.19 Billion Multifamily DUS REMIC Under Its Fannie Mae GeMS Program

Katherine Constantinou

202-752-5403

WASHINGTON, D.C. – Fannie Mae (FNMA/OTC) priced its first Multifamily DUS® REMIC in 2013 totaling $1.19 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program on January 17, 2013.

“Participation in FNA 2013-M1 was quite broad, as the January effect has been true to expectations.  The book filled very quickly, and interest was strong across the curve.  We continue to see particularly high demand for IO,” said Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital Markets.             

All classes of FNA 2013-M1 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

$20,400,000

1.76

0.492

Fixed Rate

S+10

100.00

ASQ2

$576,834,779

3.60

1.074

Fixed Rate

S+16

101.00

X1

$597,234,779

3.54

4.568

WAC IO

Not Offered

Not Offered

A1

$96,369,000

5.62

1.502

Fixed Rate

S+25

101.00

A2

$427,888,395

9.40

2.365

Fixed Rate

S+43

101.00

AB1

$13,129,000

5.62

1.367

Fixed Rate

S+35

99.75

AB2

$58,292,955

9.40

2.386

Fixed Rate

S+60

99.75

X2

$595,679,350

8.28

0.669

WAC IO

J+160

4.74

Total

$1,192,914,129

 

 

 

 

 

Group 1 Collateral

UPB:                                                                         $597,234,779
Collateral:                                                               92 Fannie Mae 10/9.5 DUS MBS
Geographic Distribution:                                     CA (42.6%), PA (8.7%), FL (7.7%)
Weighted Average
Debt Service Coverage Ratio (DSCR):             1.81x
Weighted Average
Loan-to-Value (LTV):                                            59.9%

Group 2 Collateral

UPB:                                                                         $595,679,350
Collateral:                                                               102 Fannie Mae 10/9.5 DUS MBS
Geographic Distribution:                                     CA (23.9%), TX (13.9%), MD (9.9%)
Weighted Average
Debt Service Coverage Ratio (DSCR):             1.60x
Weighted Average
Loan-to-Value (LTV):                                            66.4%

Settlement Date:                                                   January 30, 2013


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

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2013-M1) 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.