Deliver Your News to the World

Fannie Mae Launches Third Benchmark REMIC(TM) Issuance


Fannie Mae (NYSE: FNM - News) today will launch its third Benchmark REMIC(TM) issue. The company will offer $1.0 billion of Benchmark REMIC Trust 2007-B1 as a Guaranteed Maturity Class (GMC) with a final maturity date of December 28, 2020. Benchmark REMIC 2007- B1 is expected to price on March 22, 2007. The GMC will have a sequential pay structure and the underlying MBS used to collateralize the Benchmark REMIC will be Fannie Mae 30-year 5.5 percent coupon MBS with a 6.057 percent gross weighted average coupon (GWAC), a 337-month weighted average maturity (WAM) and a 19-month weighted average loan age (WALA).
Citigroup Global Markets Inc., Greenwich Capital Markets Inc., and J.P. Morgan Securities Inc. will be the joint lead managers for Benchmark REMIC Trust 2007-B1. Co-managers of the transaction will be Banc of America Securities LLC, Lehman Brothers Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated.


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.