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Fannie Mae Multifamily Issuance Remains Even in Q2

""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.