Fannie Mae Priced $721 Million Multifamily DUS REMIC (FNA 2022-M3) Under Its GeMS Program

WASHINGTON, March 25, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $721 million Multifamily DUS^® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on March 16, 2022. FNA 2022-M3 marks the third Fannie Mae GeMS issuance of 2022.

"The M3 investors have had to contend with financial markets volatility, macro uncertainty, and a recent Federal Reserve interest rate hike," said Dan Dresser, Senior Vice President, Multifamily Capital Markets and Pricing, Fannie Mae. "We were pleased that they were still able to focus on this deal, which provided over $700 million in 10-year collateral with a 2.19x DSCR."

All classes of FNA 2022-M3 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 can be found in the table below:

* The spread on FNA 2022-M3 was priced using the SOFR swap curve

Group 1 Collateral

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2022-M3) available on the Fannie Mae GeMS Archive page.

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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