News & Commentaries
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Fannie Mae Priced $802 Million Multifamily DUS REMIC (FNA 2021-M17) Under Its GeMS Program
Fannie Mae priced an $802 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 21, 2021.
Elimination of the Adverse Market Refinance Fee
Today, the Federal Housing Finance Agency announced the elimination of the Adverse Market Refinance Fee.
Fannie Mae to Begin Providing Monthly Certification of CAS/MCAS EU Risk Retention Compliance
Beginning in July 2021, for each outstanding Fannie Mae Single-Family Connecticut Avenue Securities® (CAS) and Multifamily Connecticut Avenue Securities™ (MCAS) transaction, Fannie Mae will provide a monthly certification of its continued compliance with its risk retention obligations set forth in the EU Risk Retention Letter that it issued as of the date of issuance of the transaction.
Fannie Mae Updates Flex Modification and Foreclosure Suspension Policy Related to COVID-19 Pandemic
Fannie Mae updated its Lender Letter LL-2021-07, Flex Modification for COVID-19 Impacted Borrowers and Lender Letter LL-2021-02, Impact of COVID-19 on Servicing.
Upcoming Enhancements to Fannie Mae DUS Disclose and BD4 Factor Files
Over the next several weeks Fannie Mae is implementing two changes that affect the data available for investor consumption.
Fannie Mae Extends Temporary Policies in Response to the COVID-19 Emergency
Fannie Mae is communicating to its single-family servicers that the suspension of foreclosure-related activities was extended through July 31, 2021.
Fannie Mae Benchmark CPR™ Commentary – July 2021
The June 30-year Benchmark CPR3 for the Fannie Mae cohort decreased 17.4% to 19.4 CPR. The 15-Year Benchmark CPR3 for the Fannie Mae cohort also declined this month to 17.5 CPR, a decrease of 16.3%.
Dynamic Risk Management Enables Flexible Response
Fannie Mae's commitment to improving its risk management capabilities enabled our rapid deployment of prudent risk flexibilities to support the originations market as the pandemic and its impact unfolded.
Celebrating 30 years of the Fannie Mae DUS Program
Thirty years ago in 1988, Fannie Mae began purchasing multifamily loans through its DUS program and holding these loans in portfolio. In August 1994, the company began securitizing DUS loans and created DUS Mortgage-Backed Securities (DUS MBS). DUS MBS offer Fannie Mae’s guaranty of timely payment of principal and interest, lower spread volatility relative to many comparable products, liquidity enhanced by the large number of dealers engaged in market making, stable cash flows that are easy to model, and superior call protection.