Fannie Mae announced that the company issued approximately $8.5 billion of multifamily MBS in the third quarter of 2012, backed by new multifamily loans delivered by our lenders. Year-to-date issuance is $22.3 billion. Fannie Mae also resecuritized $4.0 billion of DUS MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program in the third quarter.
"A protracted, low interest rate environment has kept the borrowing rate below 4 percent, and consequently, originations have been robust," said Kimberly Johnson, Fannie Mae Vice President of Multifamily Capital Markets.
Read more...Fannie Mae Supports the Multifamily Market with Consistent Issuance in the Third Quarter of 2012 - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com:
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