FNMA News 08/15/2014 15:28:47 $FNMA
Fannie Mae Prices $950 Million Multifamily DUS REMIC (FNA 2014-M9) Under Its Fannie Mae GeMS™ Program
WASHINGTON, Aug. 15, 2014 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its eighth Multifamily DUS® REMIC in 2014 totaling $950 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on August 13, 2014.
"All of the tranches in the M9 traded well, despite heavy supply in CMBS, continued global macro volatility, and August vacations," said Josh Seiff, Fannie Mae Vice President of Multifamily Capital Markets. "When you see stable demand like this for a late summer deal, it really underscores the liquidity that the GeMS program helps to provide – matching up lender production with investor demand."
All classes of FNA 2014-M9 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:
Class
Original Face
Weighted
Average Life
Coupon
(%)
Coupon
Type
Spread
Offered
Price
ASQ1
$75,241,882
1.82
0.678
Fixed
E+5
100.00
ASQ2
$426,370,666
2.42
1.462
Fixed
S+18
101.00
X1
$501,612,548
2.33
4.243
WAC IO
Not Offered
Not Offered
A1
$57,767,509
5.86
2.511
Fixed
S+37
101.00
A2
$336,509,265
9.85
3.103
Fixed/AFC
S+43
101.00
AB1
$7,877,387
5.86
2.388
Fixed
S+48
99.75
AB2
$45,887,627
9.85
3.055
Fixed/AFC
S+53
99.75
X2
$448,041,788
8.83
0.266
WAC IO
Not Offered
Not Offered
Total
$949,654,336
Group 1 Collateral
UPB:
$501,612,548
Collateral:
123 Fannie Mae DUS MBS
Geographic Distribution:
CA (31.4%), NY (10.1%), MD (7.8%)
Weighted Average
Debt Service Coverage Ratio (DSCR):
1.49x
Weighted Average
Loan-to-Value (LTV):
62.8%
Group 2 Collateral
UPB:
$448,041,788
Collateral:
60 Fannie Mae DUS MBS
Geographic Distribution:
CA (28.4%), KS (11.3%), NC (10.1%)
Weighted Average
Debt Service Coverage Ratio (DSCR):
1.56x
Weighted Average
Loan-to-Value (LTV):
67.3%
Settlement Date:
August 29, 2014
Lead Manager:
Morgan Stanley
Co-Managers:
BNP Paribas and Credit Suisse
For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2014-M9) available on the Fannie Mae GeMS Archive page on 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.
Visit us at: www.fanniemae.com/progress
Follow us on Twitter: http://twitter.com/FannieMae.
SOURCE Fannie Mae
Haha fine
Give me a break am I not close enough.
Thanks for posting. A goodie for the archives.
Quote:
Let Them Eat Cake, or Lobster or whatever they eat...
Not so really OT, as it highlights US Leadership's Disconnect and Indifference to what is happening as more and more fall into Poverty:
http://libertyblitzkrieg.com/2014/08/14/a-goo...uri-burns/
Fascism involves many discrete activities by the government, Repression by Force being one and Theft from Powerless Constituencies another.
4+ close in progress imo
Of course it was weak. Even though I missed a nice trade I knew it wasn't the news I was looking for.
Funny how IMF chooses to ignore the 904 year old lady.
Her name et all is on the suit.
I wonder if they even read it?
8/15/14 13:32:00: Investors Backing Pershings In Fan,Fred Fight -- Market Talk
15:32 EDT - It looks like Fannie Mae (FNMA) and Freddie Mac (FMCC) shareholders are happy Pershing Square is suing the US over changes it made to the bailout terms of the mortgage-finance firms. Shares of both are near $4 , below their highs after news of the suit broke Thursday but solidly above where they closed Wednesday. Pershing Square's suit follows that brought by other large investors over the government's 2012 decision to force the firms to send nearly all their profits to Treasury. (juliet.chung@wsj.com)
(END) Dow Jones Newswires
08-15-14 1532ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Oh I believe you unfortunately it could take months-years
all it takes is one explosion, which WILL happen, and we will all be patiently waiting for it. trust me.
Why? Was there a problem with what I said?
I wasn't looking for a fight. I was going to post that institutional info anyway and your post made a great comparison to the tiny amount of institutional selling.
There's a lot you don't and probably never will know. That's just the way it is. If you want the stock, just buy some, that information isn't new, or even current.
Volume looks to be just under Wednesday's
Over 5 MM already. Most likely the majority is shorts. Maybe as much as 70% based on the way Time & Sales has been looking all day.
591 X 1 and 150K in buys go through at the ask without an increase in PPS and the ask stays at 1.
Until Ukraine blew up "a significant portion" of the Russian convey. Then the whole market slid into the red
Exactly!
People here always expect explosion in vol from this, conference call, earnings and they get disappointed every time LOLz
Not that this reporting is perfect.
NOTE: Capwealth has added significant ckj and mas
he used to have a HUGE position in the common almost two years ago sold and then bought back in.
Hard to say though the reporting is spotty to say the best.
Some use cnn or something as better.
Maybe the Whale can help!!
Two Wong's make a Wight.
That's what he and Arnold are using for their most recent calculations.
pretty weak volume in spite of Ackman's complaint---initially was looking very positive
Fannie Mae Prices $950 Million Multifamily DUS REMIC (FNA 2014-M9) Under Its Fannie Mae GeMS™ Program
WASHINGTON, Aug. 15, 2014 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its eighth Multifamily DUS® REMIC in 2014 totaling $950 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on August 13, 2014.
"All of the tranches in the M9 traded well, despite heavy supply in CMBS, continued global macro volatility, and August vacations," said Josh Seiff, Fannie Mae Vice President of Multifamily Capital Markets. "When you see stable demand like this for a late summer deal, it really underscores the liquidity that the GeMS program helps to provide – matching up lender production with investor demand."
All classes of FNA 2014-M9 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:
Class
Original Face
Weighted
Average Life
Coupon
(%)
Coupon
Type
Spread
Offered
Price
ASQ1
$75,241,882
1.82
0.678
Fixed
E+5
100.00
ASQ2
$426,370,666
2.42
1.462
Fixed
S+18
101.00
X1
$501,612,548
2.33
4.243
WAC IO
Not Offered
Not Offered
A1
$57,767,509
5.86
2.511
Fixed
S+37
101.00
A2
$336,509,265
9.85
3.103
Fixed/AFC
S+43
101.00
AB1
$7,877,387
5.86
2.388
Fixed
S+48
99.75
AB2
$45,887,627
9.85
3.055
Fixed/AFC
S+53
99.75
X2
$448,041,788
8.83
0.266
WAC IO
Not Offered
Not Offered
Total
$949,654,336
Group 1 Collateral
UPB:
$501,612,548
Collateral:
123 Fannie Mae DUS MBS
Geographic Distribution:
CA (31.4%), NY (10.1%), MD (7.8%)
Weighted Average
Debt Service Coverage Ratio (DSCR):
1.49x
Weighted Average
Loan-to-Value (LTV):
62.8%
Group 2 Collateral
UPB:
$448,041,788
Collateral:
60 Fannie Mae DUS MBS
Geographic Distribution:
CA (28.4%), KS (11.3%), NC (10.1%)
Weighted Average
Debt Service Coverage Ratio (DSCR):
1.56x
Weighted Average
Loan-to-Value (LTV):
67.3%
Settlement Date:
August 29, 2014
Lead Manager:
Morgan Stanley
Co-Managers:
BNP Paribas and Credit Suisse
For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2014-M9) available on the Fannie Mae GeMS Archive page on 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.
Visit us at: www.fanniemae.com/progress
Follow us on Twitter: http://twitter.com/FannieMae.
SOURCE Fannie Mae
Haha fine
Give me a break am I not close enough.
Thanks for posting. A goodie for the archives.
Quote:
Let Them Eat Cake, or Lobster or whatever they eat...
Not so really OT, as it highlights US Leadership's Disconnect and Indifference to what is happening as more and more fall into Poverty:
http://libertyblitzkrieg.com/2014/08/14/a-goo...uri-burns/
Fascism involves many discrete activities by the government, Repression by Force being one and Theft from Powerless Constituencies another.
4+ close in progress imo
Of course it was weak. Even though I missed a nice trade I knew it wasn't the news I was looking for.
Funny how IMF chooses to ignore the 904 year old lady.
Her name et all is on the suit.
I wonder if they even read it?
8/15/14 13:32:00: Investors Backing Pershings In Fan,Fred Fight -- Market Talk
15:32 EDT - It looks like Fannie Mae (FNMA) and Freddie Mac (FMCC) shareholders are happy Pershing Square is suing the US over changes it made to the bailout terms of the mortgage-finance firms. Shares of both are near $4 , below their highs after news of the suit broke Thursday but solidly above where they closed Wednesday. Pershing Square's suit follows that brought by other large investors over the government's 2012 decision to force the firms to send nearly all their profits to Treasury. (juliet.chung@wsj.com)
(END) Dow Jones Newswires
08-15-14 1532ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Oh I believe you unfortunately it could take months-years
all it takes is one explosion, which WILL happen, and we will all be patiently waiting for it. trust me.
Why? Was there a problem with what I said?
I wasn't looking for a fight. I was going to post that institutional info anyway and your post made a great comparison to the tiny amount of institutional selling.
There's a lot you don't and probably never will know. That's just the way it is. If you want the stock, just buy some, that information isn't new, or even current.
Volume looks to be just under Wednesday's
Over 5 MM already. Most likely the majority is shorts. Maybe as much as 70% based on the way Time & Sales has been looking all day.
591 X 1 and 150K in buys go through at the ask without an increase in PPS and the ask stays at 1.
Until Ukraine blew up "a significant portion" of the Russian convey. Then the whole market slid into the red
Exactly!
People here always expect explosion in vol from this, conference call, earnings and they get disappointed every time LOLz
Not that this reporting is perfect.
NOTE: Capwealth has added significant ckj and mas
he used to have a HUGE position in the common almost two years ago sold and then bought back in.
Hard to say though the reporting is spotty to say the best.
Some use cnn or something as better.
Maybe the Whale can help!!
Two Wong's make a Wight.
That's what he and Arnold are using for their most recent calculations.
pretty weak volume in spite of Ackman's complaint---initially was looking very positive
