Fannie Mae Prices $1.09 Billion Multifamily DUS REMIC (FNA 2013-M12) Under Its Fannie Mae GeMS Program

WASHINGTON, Sept. 20, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its eighth Multifamily DUS^® REMIC in 2013 totaling $1.09 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on September 13, 2013.

"In September, we were able to use the structural flexibility of the GeMS program to help match up lender supply and investor demand," said Josh Seiff, Fannie Mae Director of Multifamily Capital Markets. "Group 1 is backed by fixed-rate seasoned collateral which we structured into a capped floater and a par pass-through.  Group 2 is backed by new production ten-year bonds which were structured into the Multifamily desk's first discount pass-through tranche."

All classes of FNA 2013-M12 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 included in the table below:

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2013-M12) 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.

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SOURCE Fannie Mae