Fannie Mae Prices $855.8 Million Multifamily DUS REMIC (FNA 2017-M4) Under Its GeMS Program

WASHINGTON, April 12, 2017

"We kicked off the second quarter with a $900 million 10-year GeMS deal, which built on the first quarter's $3.1 billion in issuance," said Josh Seiff, Fannie Mae's Vice President of Capital Markets and Trading. "The GeMS program is about matching investor demand with borrowers' liquidity needs.  The investor market has been pretty calm lately, but there's still consistent demand for well-diversified, block-sized deals."

All classes of FNA 2017-M4 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 ARIVA.DE Börsen-Geflüster Kurse Fannie Mae Federal National Mortgage Association GSE 1,453 $ -1,16% Average Life	Coupon (%)	Coupon Type	Spread	Offered Price
A1	$95,999,942	5.97	2.597	WAC	S+43	100.95
A2	$759,850,000	9.66	2.597	WAC	S+65	97.81
Total	$855,849,942

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2017-M4) available on the Fannie Mae GeMS Archive page http://www.fanniemae.com/portal/jsp/mbs/mbsmultifamily/gems_archive.html.

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 helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

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SOURCE Fannie Mae