Fannie Mae's recently priced $577 million multifamily DUS REMIC highlights moves the agency is making to court an agency CMBS investor base that appears to be broadening as activity has subsided somewhat in the CMBS conduit market.

Over the last two months there has been a relative pickup in activity in these MF DUS REMIC deals, the latest being the sixth of its type and the first backed solely by seven-year collateral, said Kimberly Johnson, a vice president in capital markets and head of multifamily trading at Fannie Mae.

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