Fannie’s MF Issuance Backed by New Loans Tops $10 Billion in Quarter

Fannie Mae’s final numbers for multifamily securities issuance backed by new loans during the fourth quarter of 2012 are in, and top $10 billion for the period.

This brings total issuance in this area for 2012 to $33.1 billion, confirming expectations that Fannie multifamily capital markets executive Kimberly Johnson shared earlier with this publication that it would easily exceed 2011’s $23.8 billion.

In addition to the multifamily securities backed by new loans, Fannie found it resecuritized a total of $13.9 billion in multifamily delegated underwriting and servicing mortgage-backed securities through its Guaranteed Mortgage Structures/Alternative Credit Enhancement Securities efforts in 2012.