Fannie Mae Sells $538 Million Multifamily DUS Mega Securities Under its GeMS™ Program

Mar 28, 2011, 17:03 ET from Fannie Mae

WASHINGTON, March 28, 2011 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) sold four separate Multifamily Mega securities totaling $538 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on Thursday, March 24, 2011.  Structure details for the four securities are included in the table below.

Pool Number

FN0004

FN0005

FN0006

FN0009

CUSIP

3138NJAE8

3138NJAF5

3138NJAG3

3138NJAK4

Pricing Date

March 24, 2011

March 24, 2011

March 24, 2011

March 24, 2011

Settlement Date

March 29, 2011

March 29, 2011

April 1, 2011

March 29, 2011

Maturity Date

December 1, 2020

November 1, 2020

November 1, 2020

October 1, 2020

Issue Size

$120,171,474

$195,873,306

$84,312,485

$137,319,314

Number of Underlying Securities

25

36

12

22

WAC

3.63%

3.37%

3.42%

3.25%

WALTV

62.38%

59.02%

68.19%

70.79%

WADSCR

1.67x

2.44x

1.49x

1.49x

Billing and delivery for these four Fannie Mae GeMS deals was conducted by Citigroup. For additional information, please refer to the Fannie Mae GeMS Megas Term Sheet 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 US Securities and Exchange Commission ("SEC") available on the Investors page of our Web site at www.fanniemae.com and on the SEC's Web site at www.sec.gov.

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

SOURCE Fannie Mae



RELATED LINKS

http://www.fanniemae.com