WASHINGTON, DC—Fannie Mae has priced its fourthMultifamily DUS REMIC for the year, totaling$896.4 million under its Fannie Mae GuaranteedMultifamily Structures program. Separately, the GSE announced thatit has issued approximately $3.5 billion ofmultifamily MBS in the first quarter of 2014, backed by newmultifamily loans delivered by its lenders. It also resecuritized$3.3 billion of DUS MBS through the GeMSTM program in the firstquarter of the year.
The former-the $896.4 million REMIC-as far as Fannie Maetransactions go, was completely straightforward. Ditto the latter,which were up by a slight $100 million year over year, MannyMenendez, senior vice president of Multifamily Capital Markets& Pricing, tells GlobeSt.com. This year, however, MBS issuancehas dropped because market activity in general is down, he alsonotes.
The latest REMIC brought to market, though, points to ongoingdemand for these securities despite blips in the market.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
