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Fannie Mae Prices $1.32 Billion Multifamily DUS REMIC (FNA 2014-M12) Under Its

Fannie Mae GeMS(tm) Program

10/17 08:00 CDT

Fannie Mae Prices $1.32 Billion Multifamily DUS REMIC (FNA 2014-M12) Under Its Fannie Mae GeMS(tm) Program WASHINGTON, Oct. 17, 2014

WASHINGTON, Oct. 17, 2014 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its tenth Multifamily DUS(r) REMIC in 2014 totaling $1.32 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on October 10, 2014.

"FNA 2014-M12 is our second securitization of ARM 7-6(tm) collateral. The ARM 7-6 is an innovative product that allows us to provide competitive floating-rate funding to multifamily borrowers of all sizes. The flexibility is great for borrowers, and the deal was well received by investors," said Josh Seiff, Fannie Mae Vice President of Multifamily Capital Markets.

All classes of FNA 2014-M12 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 in the table below:


Weighted CouponCoupon Offered ClassOriginal Face Average Life(%) Type Spread Price

FA $719,949,655 5.67 0.453 Floater/AFCS+30 100.00

FX $719,949,655 0.27 1.318 WAC IO Not OfferedNot Offered

ASV1 $53,300,000 3.52 1.928 Fixed S+28 101.00

ASV2 $548,180,025 6.73 2.614 Fixed/AFC S+38 101.00

X2 $601,480,025 5.99 0.393 WAC IO Not OfferedNot Offered

Total$1,321,429,680


Group 1 Collateral



UPB: $719,949,655

Collateral: 105 Fannie Mae DUS MBS

Geographic Distribution: TX (32.0%), CA (22.4%), TN (7.7%)

Weighted Average Debt Service Coverage Ratio (DSCR): 1.93x

Weighted Average

Loan-to-Value (LTV): 70.2%





Group 2 Collateral



UPB: $601,480,025

Collateral: 52 Fannie Mae DUS MBS

Geographic Distribution: IL (20.6%), CA (17.6%), NY (9.1%)

Weighted Average Debt Service Coverage Ratio (DSCR): 1.73x

Weighted Average Loan-to-Value (LTV): 67.9%





Settlement Date: October 30, 2014



Lead Manager: Credit Suisse

Co-Managers: Citigroup and Deutsche Bank Securities

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2014-M12) 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 theInvestor Relationspage of our Web site atwww.fanniemae.com and on the SEC's Web site atwww.sec.gov.

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SOURCE Fannie Mae

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