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Fannie Mae's issuance of multifamily mortgage-backed securities (MBS) in the second quarter was relatively even at $7.6 billion, the GSE announced.

Fannie Mae Multifamily Issuance Remains Even in Q2

in Secondary Market July 12, 2013 1,112 Views

""Fannie Mae's"":http://www.fanniemae.com/portal/index.html issuance of multifamily mortgage-backed securities (MBS) in the second quarter was relatively even at $7.6 billion, the GSE ""announced"":http://www.fanniemae.com/portal/about-us/media/corporate-news/2013/5990.html Thursday.

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""Our lenders continued to originate Multifamily DUS bonds at consistent levels in the second quarter,"" said Manny Menendez, SVP of multifamily capital markets & pricing at the GSE.

Fannie also announced the resecuritization of $3 billion through the Fannie Mae Guaranteed Multifamily Structures (GeMS) program over the second quarter of this year.

The GeMS program relies on ""block size transactions"" and diversity and ""consists of structured multifamily securities created from collateral specifically selected by Fannie Mae Capital Markets,"" according to Fannie Mae.

The GSE completed three GeMS real estate multifamily investment conduit (REMIC) transactions and issued two multifamily REMICs backed by $692 million.

The transactions were lead by Barclays, Goldman Sachs, and Citigroup.

Fannie Mae also sold about $5.5 billion of multifamily securities over the quarter.

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About Author: Krista Franks Brock

Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia.
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