Fannie Mae Issues $17.9 Billion of Multifamily MBS in the Third Quarter of 2016

Ein Mann liest Wirtschaftsnachrichten (Symbolbild). pixabay.com

PR Newswire

WASHINGTON, Oct. 20, 2016

WASHINGTON, Oct. 20, 2016 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) announced today that the company issued $17.9 billion¹ of multifamily MBS in the third quarter of 2016, primarily through its Delegated Underwriting and Servicing (DUS^®) program. Fannie Mae also resecuritized $2.1 billion of DUS MBS through its Guaranteed Multifamily Structures (Fannie Mae GeMS™) program.

"Hats off to the Fannie Mae Multifamily Lenders for a fantastic third quarter," said Josh Seiff, Vice President of Multifamily Capital Markets and Trading, Fannie Mae. "When I look at our third quarter production, the numbers that are most impressive are 2.1 times actual DSCR (debt service coverage ratio) and 69 percent LTV (loan-to-value) ratio. Maintaining that level of credit quality while issuing nearly $18 billion in MBS to end investors is outstanding. It is a reflection of the strong credit culture created by a long standing risk-sharing partnership between Fannie Mae and the DUS lender community."

The company's DUS MBS securities provide market participants with highly predictable cash flows and call protection in defined maturities ranging from five to 30 years. Fannie Mae's GeMS program consists of structured multifamily securities created from collateral specifically selected by Fannie Mae Capital Markets. Features of Fannie Mae GeMS include consistent monthly issuance, block size transactions, collateral diversity, and pricing close to par.

Highlights of Fannie Mae's multifamily activity in the third quarter of 2016 include the following:

MULTIFAMILY MBS BACKED BY NEW MULTIFAMILY ACQUISITIONS
New multifamily MBS business volumes in the third quarter of 2016 totaled $17.9 billion.

ARIVA.DE Börsen-Geflüster

Kurse

Fannie Mae Federal National Mortgage Association GSE

1,34 €

+0,75%

Fannie Mae Federal National Mortgage Association GSE Realtime-Chart

FANNIE MAE GeMS ISSUANCE/STRUCTURED SECURITIES
Issuance of Fannie Mae's structured multifamily securities created from collateral selected by Fannie Mae Capital Markets totaled $2.1 billion in the third quarter of 2016. This issuance volume included two Fannie Mae GeMS REMIC transactions. In addition, Fannie Mae issued $2.1 billion in Non-GeMS REMICs and Megas backed by DUS MBS collateral from the broker-dealer community in the third quarter of 2016, adding to the liquidity of Fannie Mae DUS MBS.

FANNIE MAE SALES
Fannie Mae Capital Markets sold $3.7 billion of Fannie Mae multifamily mortgage securities from its portfolio in the third quarter of 2016.²

For additional information about Fannie Mae's multifamily MBS products and issuance please refer to the Multifamily MBS webpage and the MBSenger^® Publication "Over Twenty-Five Years of Multifamily Mortgage Financing Through Fannie Mae's DUS Program" on fanniemae.com.

Fannie Mae GeMS Issuance in the Third Quarter of 2016

FNA 2016-M9, Priced on September 8, 2016

Class	Original Face	Weighted Average Life	Coupon (%)	Coupon Type	Spread	Offered Price
FA	$579,564,135	6.44	1.108	Floater/AFC	L+59	100.00
FX	$579,564,135	0.81	0.495	WAC IO	Not Offered	Not Offered
A1	$60,591,000	5.77	2.003	Fixed	S+56	101.00
A2	$444,364,282	9.62	2.292	Fixed	S+73	101.00
AB1	$8,263,000	5.77	1.800	Fixed	Not Available	Not Available
AB2	$60,595,000	9.62	2.217	Fixed	Not Offered	Not Offered
X2	$573,813,282	8.72	0.450	WAC IO	Not Offered	Not Offered
Total	$1,153,377,417

Lead Manager: Morgan Stanley
Co-Managers: Citigroup, KGS-Alpha Capital Markets, and Multi-Bank Securities

FNA 2016-M7, Priced on July 12, 2016

Class

Original Face

Weighted
Average
Life

Coupon
(%)

Coupon Type

Spread

Offered
Price

$190,212,689

6.17

1.118

Floater/AFC

L+67

99.93

$190,212,689

0.56

0.772

WAC IO

Not Offered

Mehr Nachrichten zur Fannie Mae Federal National Mortgage Association GSE Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.