WASHINGTON, DC-Fannie Mae keeps tweaking the structure of its multifamily DUS REMIC offering—to the delight of both investors and borrowers. In its latest REMIC–its seventh this year–Fannie Mae priced one totaling $700 million that was backed by floating rate collateral. This was a first for the GSE, Kimberly Johnson, Fannie Mae vice president of Multifamily Capital Markets, tells GlobeSt.com.

“It was a big deal for us to get this done,” she says. “We have been doing floating rate loans all along of course, but this is the first time we used them as collateral in this type of execution.”

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