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Fannie Mae issued approximately $8.2 billion of multifamily mortgage-backed securities (MBS) in Q1 2013, according to a company release.

Fannie Mae Multifamily Issuance Starts Strong in 2013

in Secondary Market April 12, 2013 1,166 Views

""Fannie Mae"":http://www.fanniemae.com/portal/index.html issued approximately $8.2 billion of multifamily mortgage-backed securities (MBS) in Q1 2013, according to a company release.

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The GSE also resecuritized $3.2 billion of Delegated Underwriting and Servicing (DUS) MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program in the first quarter. The DUS MBS securities provide market participants with predictable cash flows and call protection in defined maturities of five, seven, and 10 years.

""The momentum in the Agency CMBS [commercial mortgage-backed securities] market carried over year-end and into 2013, and DUS issuance continued to be robust in the first quarter,"" said Kimberly Johnson, SVP of Multifamily Capital Markets at Fannie Mae. ""Resecuritization activity has remained stable in the first quarter despite interest rate volatility, and we are on pace to exceed $10 billion in GeMS issuance this year.""

Fannie Mae also announced its Capital Markets business sold approximately $3.7 billion of multifamily mortgage securities from its portfolio in Q1 2013.

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