WASHINGTON , Jan. 16 -- Fannie Mae issued the following corporate news release: Fannie Mae (FNMA/OTC) issued approximately $28.5 billion of multifamily MBS in 2013, ending the year with multifamily MBS issuance of $7.0 billion1 in the fourth quarter. In 2012, Fannie Mae issued $33.1 billion total in MBS issuance. Fannie Mae also resecuritized $2.3 billion of DUS(TM) MBS through the Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program in the fourth quarter. "It was a successful year for the DUS program with MBS issuance reaching $28.5 billion ," said Manny Menendez , Senior Vice President of Multifamily Capital Markets & Pricing , Fannie Mae . "We continued to expand the investor base for DUS through the issuance of GeMS, which had a record year with $10.2 billion of total issuance. We are looking forward to another strong year in 2014." The company's DUS MBS securities provide market participants with highly predictable cash flows and call protection in defined maturities. 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 have included block size transactions, collateral diversity and pricing close to par through Fannie Mae's multifamily REMICs and multifamily Mega securities. Highlights of Fannie Mae's multifamily activity in the fourth quarter of 2013 include the following: 1) MULTIFAMILY MBS BACKED BY NEW MULTIFAMILY ACQUISITIONS New multifamily MBS business volumes in the fourth quarter of 2013 totaled approximately $7.0 billion . 2) FANNIE MAE GeMS & ACES ISSUANCE Issuance of Fannie Mae's structured multifamily securities created from collateral selected by Fannie Mae Capital Markets totaled $2.3 billion in the fourth quarter of 2013. This issuance volume is composed of two Fannie Mae GeMS REMIC transactions. The total GeMS issuance was $10.2 billion in 2013 and was $10.0 billion in 2012. The combined Fannie Mae GeMS and ACES issuance backed by DUS MBS was $11.6 billion in 2013. 3) FANNIE MAE SALES Fannie Mae Capital Markets sold approximately $3.0 billion of Fannie Mae multifamily mortgage securities from its portfolio in the fourth quarter of 2013.2 For additional information about Fannie Mae's multifamily MBS products and issuance please refer to the Multifamily MBS ( http://www.fanniemae.com/portal/funding-the-market/mbs/multifamily/index.html ) webpage and the MBSenger(R) Publication "Over Twenty Years of Multifamily Mortgage Financing Through Fannie Mae's DUS Program ( http://www.fanniemae.com/resources/file/mbs/pdf/mbsenger_25yrs.pdf )" on fanniemae.com Fannie Mae GeMS Issuance in the Fourth Quarter of 2013 FNA 2013-M14, Priced on November 14, 2013 View table here ( http://www.fanniemae.com/portal/about-us/media/corporate-news/2014/6070.html ) FNA 2013-M13, Priced on October 11, 2013 View table here ( http://www.fanniemae.com/portal/about-us/media/corporate-news/2014/6070.html ) 1 Reflects unpaid principal balance of multifamily Fannie Mae MBS issued during the period. The number excludes Fannie Mae portfolio resecuritization transactions and conversions of adjustable-rate loans to fixed-rate loans and DMBS securities to MBS securities. 2 Includes Fannie Mae GeMS sold and excludes sales of CMBS. TNS 30BautistaJude 140118-4606740 30BautistaJude
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