WASHINGTON, February 4, 2011 /PRNewswire/ --
Fannie Mae (OTC Bulletin Board: FNMA) today priced three separate Multifamily Mega securities totaling $450 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program. Structure and pricing details for the three securities are included in the table below.
Pool Number FN0000 FN0001 FN0002 CUSIP 3138NJAA6 3138NJAB4 3138NJAC2 Pricing Date February 4, 2011 February 4, 2011 February 3, 2011 Settlement Date February 11, 2011 February 11, 2011 February 11, 2011 Maturity Date September 1, 2020 December 1, 2020 December 1, 2017 Issue Size $103,918,429 $236,999,732 $108,918,479 Number of Underlying Securities 32 101 23 Price 95.54 96.30 99.47 Spread to Swaps S+70 S+72 S+60 WAC 3.584% 3.763% 3.309% WALTV 62.50% 61.60% 60.70% WADSCR 2.38x 1.98x 1.66x
Billing and delivery for these three Fannie Mae GeMS securities was conducted by Credit Suisse. 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.
This release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this release constitutes advice on the merits of buying or selling a particular investment. Certain statements in this release may be considered forward-looking statements within the meaning of federal securities laws. 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 http://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