Fannie Mae issued $7.6 billion of multifamily mortgage-backed securities in the second quarter of 2013, backed by new mulitfamily loans delivered by its lenders.
The government-sponsored enterprise also resecuritized $3 billion of MBS through its Fannie Mae Guaranteed Multifamily Structures program in the second quarter.
"Our lenders continued to originate Multifamily DUS bonds at consistent levels in the second quarter," said Manny Menendez, senior vice president of multifamily capital markets & pricing.
He added, "In addition, Fannie Mae’s Multifamily Capital Markets desk supported liquidity for lenders and borrowers by resecuritizing $3.0 billion through the GeMS program, helping attract a broader investor base to our multifamily MBS."
In addition, through the ACES program, Fannie Mae issued two multifamily REMICs backed by $692 million of dealer-contributed MBS in the second quarter, adding to the liquidity of Fannie Mae DUS MBS.
Meanwhile, Fannie Mae Capital Markets sold $5.5 billion of multifamily mortgage securities from its portfolio during the second quarter.