Fannie Mae-No Politics (FNMA)

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http://www.livetradingnews.com/federal-national-mortgage-association-otcfnma-upgraded-101648.htm#.UP1h5mf0_1A

Federal National Mortgage Association OTC:FNMA Upgraded

Economist and Hedge Fund Manager Shayne Heffernan has upgraded FNMA to a strong buy with a price target of 40c.

Last Thursday the rating was released to clients of HCM.

Crossovers

Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 10 period(s) ago. Since the MACD crossed its moving average, FANNIE MAE’s price has increased 5.13% , and has ranged from a high of 0.303 to a low of 0.261.

Fannie Mae Multifamily Issuance Tops $10 Billion in Fourth Quarter

Fannie Mae (OTC Bulletin Board: FNMA) issued approximately $10.8 billion1 of multifamily MBS in the fourth quarter of 2012, backed by new multifamily loans delivered by its lenders. Total issuance for 2012 was $33.1 billion, which was up from $23.8 billion in 2011. Fannie Mae also resecuritized $2.2 billion of DUS® MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program in the fourth quarter, bringing the total GeMS issuance for 2012 to $10 billion.

“Market activity for our securities was robust in 2012 with total issuance topping $33 billion,” said Kimberly Johnson , Senior Vice President of Multifamily Capital Markets, Fannie Mae. “Issuance was particularly strong in the fourth quarter, in part due to the Fed’s aggressive bond-buying program, which has helped to keep borrowing costs at record lows. Private-sector lending has shown signs of growth as well, adding liquidity for all market participants.”

The company’s DUS MBS securities provide market participants with highly predictable cash flows and call protection in defined maturities of five, seven and ten years. Fannie Mae’s GeMS program consists of structured multifamily securities created from collateral specifically selected by Fannie Mae Capital Markets. Features of Fannie Mae GeMS have included block size transactions, collateral diversity and pricing close to par through Fannie Mae’s multifamily REMICs (ACES®) and multifamily Mega securities.

Highlights of Fannie Mae’s multifamily activity in the fourth quarter of 2012 include the following:

1) MULTIFAMILY MBS BACKED BY NEW MULTIFAMILY ACQUISITIONS
New multifamily MBS business volumes in the fourth quarter of 2012 totaled approximately $10.8 billion.

2) FANNIE MAE GeMS & ACES ISSUANCE
Issuance of Fannie Mae’s structured multifamily securities created from collateral selected by Fannie Mae Capital Markets totaled $2.2 billion in the fourth quarter of 2012. This includes two Fannie Mae GeMS REMIC transactions. In addition, dealers issued three multifamily REMICs backed by $1.1 billion of DUS MBS in the fourth quarter of 2012, adding to the liquidity of Fannie Mae DUS MBS. The combined Fannie Mae GeMS and ACES issuance backed by DUS MBS was $13.9 billion in 2012.


3) FANNIE MAE SALES
Fannie Mae Capital Markets sold approximately $1.9 billion of multifamily mortgage securities from its portfolio in the fourth quarter of 2012.2

For additional information about Fannie Mae’s multifamily MBS products and issuance please refer to the Multifamily MBS webpage and the MBSenger® Publication “Over Twenty Years of Multifamily Mortgage Financing Through Fannie Mae’s DUS Program” on fanniemae.com.

Fannie Mae GeMS Issuance in the Fourth Quarter of 2012

FNA 2012-M17, Priced on November 9, 2012
Class CUSIP Original
FACE Weighted Average
Life (Years) Coupon (%) Coupon Type Spread Offered

Price
ASQ1 3136A96B9 $ 13,274,000 1.43 1.238 Fixed Rate S+10 101.00
ASQ2 3136A96C7 $ 385,774,467 2.80 0.953 Fixed Rate S+13 101.00
X1 3136A96D5 $ 399,048,467 2.27 4.114 WAC IO Not Offered Not Offered
A1 3136A96E3 $ 107,250,000 5.72 1.364 Fixed Rate S+25 101.00
A2 3136A96F0 $ 431,779,988 9.82 2.184 Fixed Rate S+43 101.00
AB1 3136A96G8 $ 14,600,000 5.72 1.234 Fixed Rate S+35 99.75
AB2 3136A96H6 $ 58,800,000 9.82 2.222 Fixed Rate S+61 99.75
X2 3136A96J2 $ 612,429,988 8.59 0.504 WAC IO Not Offered Not Offered
Total $1,011,478,455

Lead Manager: Citigroup

Co-Managers: Amherst Securities Group and Barclays Capital

FNA 2012-M14, Priced on October 11, 2012
Class CUSIP Original
FACE Weighted Average
Life (Years) Coupon

(%)
Coupon Type Spread Offered

Price
ASQ1 3136A9MJ4 $ 28,000,000 2.12 0.538 Fixed Rate S+12 100.00
ASQ2 3136A9MK1 $ 471,894,566 4.21 1.114 Fixed Rate S+20 101.00
X1 3136A9ML9 $ 499,894,566 3.62 4.418 WAC IO Not Offered Not Offered
A1 3136A9MM7 $ 87,735,000 5.50 1.361 Fixed Rate S+24 101.00
A2 3136A9MN5 $ 405,353,650 9.79 2.301 Fixed Rate S+45 101.00
AB1 3136A9MP0 $ 11,964,000 5.50 1.233 Fixed Rate S+35 99.75
AB2 3136A9MQ8 $ 55,275,362 9.79 2.278 Fixed Rate S+57 99.75
X2 3136A9MR6 $ 560,328,012 8.61 0.646 WAC IO Not Offered Not Offered
AL 3136A9MS4 $ 89,511,907 14.07 2.987 Fixed Rate S+60 101.61
Total $1,149,734,485

Lead Manager: Bank of America Merrill Lynch

Co-Managers: Jefferies and Morgan Stanley

1 Reflects unpaid principal balance of multifamily Fannie Mae MBS issued during the period. The number excludes Fannie Mae portfolio resecuritization transactions and conversions of adjustable-rate loans to fixed-rate loans and DMBS securities to MBS securities.