Fannie Mae Priced $641 Million Multifamily Social DUS REMIC (FNA 2023-M1S) Under Its GeMS Program
WASHINGTON, July 28, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $641 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 21, 2023.
- WASHINGTON, July 28, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $641 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 21, 2023.
- FNA 2023-M1S marks the second Fannie Mae GeMS issuance of 2023.
- "Last week's Social GeMS offering, the M1S, found a home despite challenging technicals of the week," said Dan Dresser, Senior Vice President, Multifamily Capital Markets, Pricing and Analytics, Fannie Mae.
- "The collateral backing the M1S reflects the social criteria in our Sustainable Bond Framework across the spectrum of affordable housing," said Lisa Bozzelli, Senior Director, Multifamily Capital Markets, Fannie Mae.