Fannie Mae Prices $1.6 Billion Multifamily DUS REMIC (FNA 2017-M15) Under Its GeMS Program

WASHINGTON, Dec. 1, 2017 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its twelfth Multifamily DUS^® REMIC in 2017 totaling $1.6 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on November 29, 2017. The M15 transaction included two groups of collateral – five tranches – that were backed by loans originated under the Fannie Mae Green Financing Business and securitized as Green DUS MBS.

"We capped off 2017 with the $1.6 billion M15 GeMS deal this week, bringing the year's total GeMS issuance to $12 billion over 12 deals," said Dan Dresser, Vice President, Multifamily Capital Markets, Trading & Credit Pricing. "We are fortunate to have such a solid network of broker/dealers and investors who can get a deal like the M15 done despite competing issuances and end-of-year portfolio constraints. These market participants have created the liquidity that will enable Fannie Mae to issue over an estimated $60 billion in single pool DUS MBS during the year – including the issuance of over $20 billion in Green MBS and $3 billion in Green GeMS. This banner year would not have been possible without these individuals, and we look forward to continuing to grow the program with them in 2018."

Fannie Mae's Multifamily Green Financing Business provides financing through several different green product offerings, encouraging apartment building owners to make energy- and water-savings improvements to their properties. In addition, the Fannie Mae Green Financing Business provides financing to properties holding a third-party, Fannie Mae-approved, Green Building Certification. Fannie Mae introduced the Green MBS product to the market in 2012 and has grown the book of business each year, with over $20 billion in securities issuance in 2017.

"We continue to innovate through Fannie Mae's Green Financing business," said Chrissa Pagitsas, Director, Multifamily Green Financing Business. "The M15 transaction represents the firm's fourth GeMS offering with Green collateral – this time using 10-year collateral with shorter prepayment protection. It is another example of the flexibility and diversity of Green financing and DUS product offerings available – attracting new borrowers to the program and new investors to the securities."

All classes of FNA 2017-M15 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 in the table below:

* Tranches backed by Green MBS.

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2017-M15) available on the Fannie Mae GeMS Archive page http://www.fanniemae.com/portal/jsp/mbs/mbsmultifamily/gems_archive.html.

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 helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. 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 and follow us on twitter.com/fanniemae.

SOURCE Fannie Mae

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