Fannie Mae-No Politics (FNMA)

[Cash47873]

WASHINGTON, Jan. 18, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) issued approximately $10.8 billion(1) 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(R) MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS(TM) ) 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."

http://online.wsj.com/article/PR-CO-20130118-909222.html?mod=crnews