Fannie Mae Prices a $912.7 Million Multifamily DUS REMIC (FNA 2019-M2) Under Its GeMS Program

WASHINGTON, Feb. 20, 2019 /PRNewswire/ — Fannie Mae (FNMA/OTCQB) priced its second Multifamily DUS® REMIC in 2019 totaling $912.7 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on February 19, 2019. “The M2 introduced a new GeMS structure to the market with the creation of the A3 tranche,” said Dan Dresser, Vice President, Multifamily Capital Markets, Trading & Credit Pricing. “This structure demonstrates the flexibility of the GeMS program to respond to reverse inquiry, while also keeping the program’s workhorse product – the A2 – available to investors. We continue to work with our broker dealers to innovate ...

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