We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fannie Mae (QB) | USOTC:FNMA | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.68% | 1.49 | 1.48 | 1.49 | 1.51 | 1.47 | 1.51 | 1,949,437 | 20:59:20 |
WASHINGTON, Feb. 19, 2014 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its second Multifamily DUS® REMIC in 2014 totaling $1.23 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on February 12, 2014.
"Investors snapped up short, seasoned DUS paper on bid lists last month, so we structured the M2 deal with three distinct groups of collateral to appeal to investor demand at the 2-year, 7-year and 10-year points on the curve," said Josh Seiff, Fannie Mae Vice President of Multifamily Capital Markets. "All three groups were very well received by a broad group of investors. There's a lot of demand for high quality structured product out there right now - the GeMS program gives Fannie Mae the ability to respond to that demand with flexible structuring and efficient execution."
All classes of FNA 2014-M2 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 are included in the table below:
Class |
Original Face |
Weighted |
Coupon |
Coupon |
Spread |
Offered Price |
ASQ1 |
$37,000,000 |
0.97 |
0.342 |
Fixed |
S+5 |
100.00 |
ASQ2 |
$332,654,846 |
1.45 |
0.478 |
Fixed |
S+12 |
100.00 |
X1 |
$369,654,846 |
0.91 |
4.522 |
WAC IO |
Not offered |
Not offered |
ASV1 |
$48,900,000 |
3.90 |
1.916 |
Fixed |
S+40 |
101.00 |
ASV2 |
$305,174,490 |
6.77 |
2.777 |
Fixed |
S+37 |
101.00 |
X2 |
$354,074,490 |
5.84 |
0.545 |
WAC IO |
Not offered |
Not offered |
A1 |
$67,037,520 |
5.24 |
2.476 |
Fixed |
S+50 |
101.00 |
A2 |
$382,388,487 |
9.74 |
3.513 |
Fixed |
S+55 |
101.00 |
AB1 |
$9,141,480 |
5.24 |
2.140 |
Fixed |
S+58 |
99.00 |
AB2 |
$52,143,885 |
9.74 |
3.491 |
Fixed |
S+68 |
99.75 |
X3 |
$510,711,372 |
8.50 |
0.414 |
WAC IO |
T+130 |
2.67 |
Total |
$1,234,440,708 |
Group 1 Collateral |
|
UPB: |
$369,654,846 |
Collateral: |
58 Fannie Mae DUS MBS |
Geographic Distribution: |
CA (37.0%), TX (27.7%), WA (7.0%) |
Weighted Average |
|
Debt Service Coverage Ratio (DSCR): |
1.97x |
Weighted Average |
|
Loan-to-Value (LTV): |
65.61% |
Group 2 Collateral |
|
UPB: |
$354,074,490 |
Collateral: |
79 Fannie Mae DUS MBS |
Geographic Distribution: |
TX (19.4%), CA (9.4%), VA (9.0%) |
Weighted Average |
|
Debt Service Coverage Ratio (DSCR): |
1.60x |
Weighted Average |
|
Loan-to-Value (LTV): |
68.85% |
Group 3 Collateral |
|
UPB: |
$510,711,372 |
Collateral: |
96 Fannie Mae DUS MBS |
Geographic Distribution: |
TX (22.7%), CA (13.3%), IL (12.3%) |
Weighted Average |
|
Debt Service Coverage Ratio (DSCR): |
1.45x |
Weighted Average |
|
Loan-to-Value (LTV): |
69.45% |
Settlement Date: |
February 28, 2014 |
Lead Manager: |
Citigroup |
Co-Managers: |
RBS and Goldman Sachs & Co. |
For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2014-M2) available on the Fannie Mae GeMS Archive page on www.fanniemae.com.
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 ("SEC") available on the Investor Relations page of our Web site at www.fanniemae.com and on the SEC's Web site at www.sec.gov.
Fannie Mae enables people to buy, refinance, or rent a home.
Visit us at: www.fanniemae.com/progress
Follow us on Twitter: http://twitter.com/FannieMae.
SOURCE Fannie Mae
Copyright 2014 PR Newswire
1 Year Fannie Mae (QB) Chart |
1 Month Fannie Mae (QB) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions