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Press release from PR Newswire

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

Friday, January 18, 2013

Fannie Mae Prices $1.19 Billion Multifamily DUS REMIC Under Its Fannie Mae GeMS? Program17:31 EST Friday, January 18, 2013WASHINGTON, Jan. 18, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its first Multifamily DUS® REMIC in 2013 totaling $1.19 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on January 17, 2013."Participation in FLA 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:ClassOriginal FaceWeighted Average LifeCoupon (%)Coupon TypeSpreadOfferedPriceASQ1$20,400,0001.760.492Fixed RateS+10100.00ASQ2$576,834,7793.601.074Fixed RateS+16101.00X1$597,234,7793.544.568WAC IONot OfferedNot OfferedA1$96,369,0005.621.502Fixed RateS+25101.00A2$427,888,3959.402.365Fixed RateS+43101.00AB1$13,129,0005.621.367Fixed RateS+3599.75AB2$58,292,9559.402.386Fixed RateS+6099.75X2$595,679,3508.280.669WAC IOJ+1604.74Total$1,192,914,129Group 1 CollateralUPB:                                                       $597,234,779Collateral:                                                 92 Fannie Mae 10/9.5 DUS MBSGeographic Distribution:                             CA (42.6%), PA (8.7%), FL (7.7%)Weighted Average  Debt Service Coverage Ratio (DSCR):     1.81xWeighted Average Loan-to-Value (LTV):                      59.9%Group 2 CollateralUPB:                             $595,679,350Collateral:                                       102 Fannie Mae 10/9.5 DUS MBSGeographic Distribution:               CA (23.9%), TX (13.9%), MD (9.9%)Weighted Average Debt Service Coverage Ratio (DSCR):       1.60xWeighted Average Loan-to-Value (LTV):                                 66.4%Settlement Date:                                    January 30, 2013Lead Manager:                                      JefferiesCo-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. SOURCE Fannie MaeFor further information: Katherine Constantinou, +1-202-752-5403, or Resource Center: 1-800-732-6643