Fannie Mae Prices $911.4 Million Multifamily DUS REMIC (FNA 2013-M5) Under Its Fannie Mae GeMS™ Program |
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Fannie Mae (OTCBB:FNMA)
|
|
Class |
Original Face |
Weighted |
Coupon |
Coupon |
Spread |
Offered Price |
|
ASQ1 |
$12,000,000 |
1.04 |
0.437 |
E+10 |
100.00 |
|
|
ASQ2 |
$453,061,544 |
2.14 |
0.595 |
Fixed Rate |
S+20 |
100.00 |
|
X1 |
$465,061,544 |
1.60 |
4.313 |
WAC IO |
Not Offered |
Not Offered |
|
ASQ3 |
$61,200,000 |
3.82 |
1.172 |
Fixed Rate |
S+28 |
101.00 |
|
ASQ4 |
$226,700,000 |
7.26 |
1.919 |
Fixed Rate |
S+38 |
101.00 |
|
ASQ5 |
$158,486,099 |
8.32 |
2.207 |
Fixed Rate |
S+47 |
101.00 |
|
X2 |
$446,386,099 |
8.32 |
2.404 |
WAC IO |
J+145 |
14.66 |
|
Total |
$911,447,643 |
|
|
|
|
|
|
Group 1 Collateral |
|
|
UPB: |
$465,061,544 |
|
68 Fannie Mae DUS MBS |
|
|
Geographic Distribution: |
CA (30.0%), TX (23.0%), DC (6.5%) |
|
Weighted Average |
|
|
Debt Service Coverage Ratio (DSCR): |
1.76x |
|
Weighted Average |
|
|
Loan -to-Value (LTV): |
67.3% |
| |
|
|
Group 2 Collateral |
|
|
UPB: |
$446,386,099 |
|
Collateral: |
90 Fannie Mae DUS MBS |
|
Geographic Distribution: |
CA (34.1%), TX (8.6%), FL (8.3%) |
|
Weighted Average |
|
|
Debt Service Coverage Ratio (DSCR): |
1.67x |
|
Weighted Average |
|
|
Loan-to-Value (LTV): |
66.3% |
| |
|
| |
|
|
Settlement Date: |
April 30, 2013 |
| |
|
|
Lead Manager: |
Citigroup |
|
Co-Managers: |
RBS and Morgan Stanley |
For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2013-M5) 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.
Visit us at: www.fanniemae.com/progress
Follow us on Twitter: http://twitter.com/FannieMae
SOURCE Fannie Mae
Copyright 2013 PR Newswire
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