Fannie Mae's relatively new Guaranteed Multifamily Structures Program is gaining market traction.

The GSE recently sold four separate multifamily 'Mega' securities totaling $538 million. "Investor demand was very strong, especially given the over $4 billion in CMBS that was brought to market the previous week," Fannie vice president of capital markets Kimberly Johnson told ASR sister publication National Mortgage News. "We cleared all four tranches and, in general, it was very well received."

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