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Fannie Mae revs up multifamily mortgage securitizations

Fannie Mae expanded its multifamily mortgage-backed structured finance product availability Monday.
The government-sponsored enterprise introduced “Guaranteed Multifamily Structures,” or Fannie Mae GeMS. GeMS include delegated underwriting and servicing of mortgage-backed securities megas, DUS real estate mortgage investment conduits (REMICs) and syndicated DUS megas. Megas are groups of Fannie mortgages pooled together according to similar characteristics. Fannie Mae revs up multifamily mortgage securitizations

source: housingwire.com

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