Fannie Mae Priced $537 Million Multifamily DUS REMIC (FNA 2023-M4) Under Its GeMS Program
May 31, 2023
May 31, 2023
WASHINGTON, May 31 -- Fannie Mae issued the following news release:
Fannie Mae (FNMA/OTCQB) priced a $537 million Multifamily DUS(R) REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS(TM)) program on May 19, 2023. FNA 2023-M4 marks the first Fannie Mae GeMS issuance of 2023.
"We wrapped up last week with a new GeMS deal - the M4 - and were able to capitalize on secondary market demand for call-protected, 10-year fixed-rate DUS MBS collate . . .
Fannie Mae (FNMA/OTCQB) priced a $537 million Multifamily DUS(R) REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS(TM)) program on May 19, 2023. FNA 2023-M4 marks the first Fannie Mae GeMS issuance of 2023.
"We wrapped up last week with a new GeMS deal - the M4 - and were able to capitalize on secondary market demand for call-protected, 10-year fixed-rate DUS MBS collate . . .