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WASHINGTON, April 19, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) priced an $879 million Multifamily DUS
® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on April 14, 2021. FNA 2021-M11 marks the fifth Fannie Mae GeMS issuance of 2021. We started the second quarter with an $879 million 10-year fixed-rate GeMS deal, building on the $21.5 billion in DUS issuance in Q1 2021, said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing. This first quarter saw spreads continue to grind tighter despite the solid volumes; multifamily borrowers have benefitted from approximately a 30-basis-point tightening of spreads from pre-COVID levels, and investors continue to enjoy the strong underwriting of the DUS program. The M11, for example, offered investors a collateral pool with properties from 20 states, all while maintaining solid credit quality with a weighted average debt-service coverage ratio of 2.27
Fannie Mae Priced $879 Million Multifamily DUS REMIC (FNA 2021-M11) Under Its GeMS Program streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Fannie Mae Earns Seventh Consecutive ENERGY STAR® Award
Single-Family Green Business Honored for the First Time
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WASHINGTON, April 13, 2021 /PRNewswire/ Fannie Mae (OTCQB: FNMA) is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency and U.S. Department of Energy. This is the seventh consecutive year Fannie Mae s Multifamily business has been acknowledged for its outstanding contributions to increasing adoption of energy-efficiency improvements in housing, and the first such recognition for the company s Single-Family business.
An ENERGY STAR partner since 2011, Fannie Mae is committed to creating positive environmental, social, and economic outcomes through mortgage finance. Leveraging its Green Financing Business, Fannie Mae supports the single-family and multifamily housing markets by financing homes and multifamily
Fannie Mae Announces Twentieth Sale of Reperforming Loans prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.