{"id":393689,"date":"2020-12-04T15:28:22","date_gmt":"2020-12-04T20:28:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393689"},"modified":"2020-12-04T15:28:22","modified_gmt":"2020-12-04T20:28:22","slug":"fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\/","title":{"rendered":"Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">WASHINGTON<\/span>, <span class=\"xn-chron\">Dec. 4, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Fannie Mae (OTCQB: FNMA) priced a <span class=\"xn-money\">$595 million<\/span> Multifamily DUS<sup>\u00ae<\/sup> REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS\u2122) program on <span class=\"xn-chron\">December 3, 2020<\/span>. FNA 2020-M53 marks the eleventh Fannie Mae GeMS issuance of 2020. <\/p>\n<p>&#8220;We were pleased with the execution of the M53, which was able to take advantage of the tight market spreads heading into year end,&#8221; said <span class=\"xn-person\">Dan Dresser<\/span>, Senior Vice President, Multifamily Capital Markets &amp; Pricing. &#8220;The M53 is backed by our 12-year, fixed-rate DUS MBS collateral. The 12-year product with 11.5 years of call protection has grown into a benchmark issuance on its own, making up over 15% of our total DUS issuance for the past three years. The M53 was able to leverage this product in order to meet the current strong market demand for duration. With the M53 wrapping up our GeMS issuance for the year, we would like to thank the market stakeholders for their continued support and wish them the best in the coming year.&#8221;<\/p>\n<p>All classes of FNA 2020-M53 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal. The structure details for the multi-tranche offering can be found in the table below:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prntac prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Class<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Original Face<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Weighted Average <br \/>Life<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Coupon (%)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Coupon <br \/>Type<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Spread<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Offered<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Price<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>A1<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$88,966,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.17<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.307<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Fixed<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">S+34<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">102<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>A2<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$506,081,250<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11.56<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.684<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">WAC <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">S+44<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">102.78<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>X<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$88,966,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.15<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.377<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">WAC IO<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Not Offered<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Not Offered<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>$595,047,250<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTabled139\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Group 1 Collateral<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>UPB:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$595,047,250<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Collateral:<\/b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">106 Fannie Mae DUS MBS<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Geographic Distribution:<\/b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">TX (13.18%), MD (10.73%), NY (10.25%)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Weighted Average Debt Service Coverage Ratio (DSCR):<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.84x<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Weighted Average Loan-to-Value (LTV):\u00a0\u00a0\u00a0\u00a0<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">67.47%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2020-M53) available on the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=696607210&amp;u=https%3A%2F%2Fcapmrkt.fanniemae.com%2Fportal%2Fjsp%2Fmbs%2Fmbsmultifamily%2Fgems_archive.html&amp;a=Fannie+Mae+GeMS+Archive+page\" rel=\"nofollow noopener noreferrer\">Fannie Mae GeMS Archive page<\/a>. <\/p>\n<p>\n        <b>About Fannie Mae<br \/><\/b>Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:<br \/><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=2078809983&amp;u=https%3A%2F%2Fwww.fanniemae.com%2F&amp;a=fanniemae.com\" rel=\"nofollow noopener noreferrer\">fanniemae.com<\/a><\/u> | <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=3314219680&amp;u=https%3A%2F%2Ftwitter.com%2Ffanniemae&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a> | <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=191939801&amp;u=http%3A%2F%2Fwww.facebook.com%2Ffanniemae&amp;a=Facebook\" rel=\"nofollow noopener noreferrer\">Facebook<\/a> | <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=1817736822&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffannie-mae-corporation_19722%2F&amp;a=LinkedIn\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a> | <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=2397194077&amp;u=https%3A%2F%2Fwww.instagram.com%2Fofficialfanniemae%2F&amp;a=Instagram\" rel=\"nofollow noopener noreferrer\">Instagram<\/a> | <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=2467799095&amp;u=https%3A%2F%2Fwww.youtube.com%2Fuser%2FFannieMaeWeb&amp;a=YouTube\" rel=\"nofollow noopener noreferrer\">YouTube<\/a> | <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=2149021691&amp;u=https%3A%2F%2Fwww.fanniemae.com%2Fportal%2Fresearch-insights%2Fperspectives.html&amp;a=Blog\" rel=\"nofollow noopener noreferrer\">Blog<\/a><\/p>\n<p>\n        <i>Certain statements in this release may be considered forward-looking statements within the meaning of federal securities laws. In addition, not all securities will have the characteristics discussed in this release. Before investing in any Fannie Mae issued security, you should read the prospectus and prospectus supplement pursuant to which such security is offered. You should also read our most current Annual Report on Form 10-K and our reports on Form 10-Q and Form 8-K filed with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) available on the Investor Relations page of our Web site at <a href=\"http:\/\/www.fanniemae.com\" rel=\"nofollow\">www.fanniemae.com<\/a> and on the SEC&#8217;s Web site at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3003166-1&amp;h=1151405912&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" rel=\"nofollow noopener noreferrer\">www.sec.gov<\/a>.<\/i>\n      <\/p>\n<p \/>\n<p \/>\n<p \/>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH13790&amp;sd=2020-12-04\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program-301186701.html\">http:\/\/www.prnewswire.com\/news-releases\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program-301186701.html<\/a><\/p>\n<p>SOURCE  Fannie Mae<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH13790&amp;Transmission_Id=202012041525PR_NEWS_USPR_____PH13790&amp;DateId=20201204\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire WASHINGTON, Dec. 4, 2020 \/PRNewswire\/ &#8212;\u00a0Fannie Mae (OTCQB: FNMA) priced a $595 million Multifamily DUS\u00ae REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS\u2122) program on December 3, 2020. FNA 2020-M53 marks the eleventh Fannie Mae GeMS issuance of 2020. &#8220;We were pleased with the execution of the M53, which was able to take advantage of the tight market spreads heading into year end,&#8221; said Dan Dresser, Senior Vice President, Multifamily Capital Markets &amp; Pricing. &#8220;The M53 is backed by our 12-year, fixed-rate DUS MBS collateral. The 12-year product with 11.5 years of call protection has grown into a benchmark issuance on its own, making up over 15% of our total DUS issuance for the past &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393689","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire WASHINGTON, Dec. 4, 2020 \/PRNewswire\/ &#8212;\u00a0Fannie Mae (OTCQB: FNMA) priced a $595 million Multifamily DUS\u00ae REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS\u2122) program on December 3, 2020. FNA 2020-M53 marks the eleventh Fannie Mae GeMS issuance of 2020. &#8220;We were pleased with the execution of the M53, which was able to take advantage of the tight market spreads heading into year end,&#8221; said Dan Dresser, Senior Vice President, Multifamily Capital Markets &amp; Pricing. &#8220;The M53 is backed by our 12-year, fixed-rate DUS MBS collateral. The 12-year product with 11.5 years of call protection has grown into a benchmark issuance on its own, making up over 15% of our total DUS issuance for the past &hellip; Continue reading &quot;Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-04T20:28:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH13790&amp;sd=2020-12-04\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program\",\"datePublished\":\"2020-12-04T20:28:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\\\/\"},\"wordCount\":478,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=PH13790&amp;sd=2020-12-04\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fannie-mae-prices-595-million-multifamily-dus-remic-fna-2020-m53-under-its-gems-program\\\/\",\"name\":\"Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program - 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FNA 2020-M53 marks the eleventh Fannie Mae GeMS issuance of 2020. &#8220;We were pleased with the execution of the M53, which was able to take advantage of the tight market spreads heading into year end,&#8221; said Dan Dresser, Senior Vice President, Multifamily Capital Markets &amp; Pricing. &#8220;The M53 is backed by our 12-year, fixed-rate DUS MBS collateral. 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