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WASHINGTON, Jan. 8, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) priced a $759 million Multifamily DUS
® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on January 8, 2021. FNA 2021-M1 marks the first Fannie Mae GeMS issuance of 2021. We opened 2021 by bringing the $759 million M1 transaction to market this week – building on the momentum of last year, said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. Fannie Mae s Multifamily business saw a record year of MBS issuance in 2020. In addition, Fannie Mae s re-securitization platform issued over $28 billion in ACES
® and GeMS REMICs – another record level. Despite high volumes and first quarter dislocation, spreads have remained strong and the Agency CMBS investor base continues to grow. We look forward to another strong year in 2021.
Fannie Mae Releases November 2020 Monthly Summary
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WASHINGTON, Dec. 30, 2020 /PRNewswire/ Fannie Mae s (OTCQB: FNMA) November 2020 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
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WASHINGTON, Dec. 23, 2020 /PRNewswire/ To continue to assist renters in multifamily units and support Fannie Mae-financed multifamily property owners experiencing difficulties during this period of financial uncertainty, Fannie Mae (OTCQB: FNMA) today announced the extension of its multifamily COVID-19 forbearance program through March 31, 2021. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was formerly set to expire on December 31, 2020.
For any Fannie Mae-financed multifamily properties with a new or modified forbearance plan as the result of a financial hardship due to the COVID-19 national emergency, the property owner must inform tenants in writing about tenant protections available during the property owner s forbearance and repayment periods. In addition, the borrower is required to provide tenant protections, which include:
Fannie Mae Advances Market Readiness For New Index Rate
2020 LIBOR Transition Milestones Position Mortgage Industry for Future
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WASHINGTON, Dec. 17, 2020 /PRNewswire/ Fannie Mae (OTCQB: FNMA) today highlighted the achievement of key milestones, as it continues advancing the mortgage market s readiness for the anticipated future cessation of LIBOR.
Through external engagement, including participation on the Alternative Reference Rates Committee (ARRC) and its working groups, and internal coordination through dedicated LIBOR transition program offices, Fannie Mae launched new Secured Overnight Financing Rate (SOFR)-based offerings, announced the discontinuation of certain LIBOR-based products, increased engagement in SOFR-based transactions which promoted market liquidity, and provided transparent information and disclosures to assist the market with the transition.
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WASHINGTON, Dec. 15, 2020 /PRNewswire/ Economic growth expectations for 2020 and 2021 were upgraded for the second consecutive month due to positive developments associated with the COVID-19 vaccine, the likelihood of new fiscal stimulus, and upbeat consumer spending data, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. On a full-year basis, real GDP in 2020 is now expected to contract only 2.2 percent up from the November forecast s expectation of negative 2.5 percent – before resuming a positive trajectory in 2021 with growth of 4.5 percent, a 1.2 percentage point improvement from the previous forecast. The ESR Group did note a heightened level of near-term uncertainty and potential weakness stemming from new lockdown and social distancing measures amid rapidly rising COVID-19 case counts, hospitalizations, and fatality rates. However, the expectation of ongoing accommo