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Recently Priced Multifamily DUS REMIC Includes New Feature

SEP 20, 2013 4:40pm ET
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Fannie Mae’s recently priced multifamily DUS REMIC, the eighth done in 2013 under its Guaranteed Multifamily Structures program, included a feature that was new for its multifamily desk.

One group of collateral in the $1.09 billion deal is backed by fixed-rate seasoned collateral structured into a capped floater and a par pass-through, while the other is backed by new production 10-year bonds structured into the multifamily desk’s first discount pass-through tranche.

“In September, we were able to use the structural flexibility of the GeMS program to help match up lender supply and investor demand,” said Josh Seiff, Fannie Mae director of multifamily capital markets in a press release Friday.

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