Fannie Mae's latest multifamily DUS REMIC priced under its guaranteed multifamily structures program included some exceptionally large orders and saw high demand for a yearend auction.

Kimberly Johnson, vice president of multifamily capital markets, told ASR sister publication National Mortgage News that there were “very large orders from banks and money managers” within the multi-tranche deal, although its total size was about average at $513 million. Johnson noted that at yearend there is generally some hesitancy to add relatively long-term durations, but this time around buying remains fairly strong.

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