WASHINGTON (dpa-AFX) - Fannie Mae (FNMA.OB) said it priced its eighth Multifamily DUS REMIC in 2012 totaling $1.1 billion under its Fannie Mae Guaranteed Multifamily Structures or Fannie Mae GeMS program on September 19, 2012.
'2012-M13 was another Fannie Mae GeMS deal offering both 10-year and 5-year tranches. On the heels of QE3, we have seen growing interest in longer duration bonds. The 10-year tranche went very quickly, and was more than 2 times oversubscribed. Demand was broad, however, with some accounts participating across the curve,' said Kimberly Johnson, Fannie Mae Vice President of Multifamily Capital Markets.
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© 2012 AFX News
