Fannie Mae Prices $1.03 Billion Multifamily DUS REMIC (FNA 2013-M13) Under Its Fannie Mae GeMS Program

October 18, 2013

WASHINGTON, D.C. – October 18, 2013 – (RealEstateRama) — Fannie Mae (FNMA/OTC) priced its ninth Multifamily DUS^® REMIC in 2013 totaling $1.03 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS^™) program on October 11, 2013.

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“We structured the M13 deal with three distinct groups of collateral to appeal to investor demand at multiple points on the curve,” said Josh Seiff, Fannie Mae Director of Multifamily Capital Markets. “In particular, we have experienced continued success with the floating-rate tranche backed by seasoned fixed-rate paper for shorter duration bonds.”

All classes of FNA 2013-M13 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 included in the table below:

Class	Original Face	Weighted Average Life	Coupon (%)	Coupon Type	Spread	Offered Price
A	$205,337,995	4.10	1.600	Fixed Rate	S+44	99.75
FA	$388,004,241	4.08	0.524	Floating Rate	1mL+35	100.00
SA	$388,004,241	4.08	6.476	Inverse IO	Not offered	Not offered
X1	$593,342,236	3.25	0.170	WAC IO	Not offered	Not offered
APT	$139,326,042	6.03	2.447	Fixed/AFC	S+52	100.00
X2	$139,326,042	5.61	0.370	WAC IO	Not offered	Not offered
A1	$52,322,765	5.10	2.624	WAC	S+64	101.51
A2	$243,300,505	9.43	2.624	WAC	S+71	93.26
Total	$1,028,291,548

Group 1 Collateral

UPB:                                                                  $593,342,236
Collateral:                                                        98 Fannie Mae DUS MBS
Geographic Distribution:                              CA (20.9%), TX (13.5%), FL (12.3%)
Weighted Average
Debt Service Coverage Ratio (DSCR):      1.51x
Weighted Average
Loan-to-Value (LTV):                                     68.8%

Group 2 Collateral

UPB:                                                                 $139,326,042
Collateral:                                                       49 Fannie Mae DUS MBS
Geographic Distribution:                             CA (40.0%), PA (11.5%), NV (11.3%)
Weighted Average
Debt Service Coverage Ratio (DSCR):     1.69x
Weighted Average
Loan-to-Value (LTV):                                    64.7%

Group 3 Collateral

UPB:                                                                 $295,623,270
Collateral:                                                       58 Fannie Mae DUS MBS
Geographic Distribution:                             TX (22.4%), CA (12.5%), WA (9.6%)
Weighted Average
Debt Service Coverage Ratio (DSCR):     1.70x
Weighted Average
Loan-to-Value (LTV):                                    68.9%

Settlement Date: October 30, 2013

Lead Manager: Deutsche Bank
Co-Managers: Citigroup and Bank of America Merrill Lynch

For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2013-M13) 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 the Investor Relations page of our Web site at www.fanniemae.com and on the SEC’s Web site at www.sec.gov.

Fannie Mae enables people to buy, refinance, or rent a home.

Visit us at: http://www.fanniemae.com/progress.

Contact:
Katherine Constantinou
202-752-5403