HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
W S
Investments / The Ticker

Fannie Mae multifamily MBS issuance soars in 4Q

/ Print / Reprints /
| Share More
/ Text Size+

Fannie Mae multifamily mortgage-backed securities issuance grew in the fourth quarter, according to data released by the government-sponsored enterprise Friday.

The firm’s MBS issuance rose to $10.8 billion in 4Q12, backed by mew multifamily loans delivered by its lenders. Total issuance for 2012 was $33.1 billion, up from $23.8 billion a year earlier. 

"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 at Fannie Mae.

She added, "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 GSE also used its Fannie Mae Guaranteed Multifamily Structures, known as Fannie Mae GeMs, to re-securitize $2.2 billion of DUS MBS securities in the fourth quarter.

The GeMS program is made up of structured multifamily securities backed by collateral from Fannie Mae’s capital markets segment.

The firm’s capital markets segment also sold $1.9 billion of multifamily mortgage securities from its own portfolio in the fourth quarter. 

cmlynski@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus