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Ginnie Mae announces offerings of pass-through securities

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Ginnie Mae announces offerings of pass-through securities

Government National Mortgage Association announced a series of offerings of pass-through securities totaling about $3.41 billion.

The company priced a $581.8 million offering of guaranteed REMIC pass-through securities and MX securities. Nomura Securities Inc. is acting as sponsor, Tribal Capital Markets LLC is the cosponsor and U.S. Bank National Association is the trustee.

The company also priced a separate $564.9 million of guaranteed REMIC pass-through securities and MX securities. Credit Suisse Securities (USA) LLC is acting as sponsor, Samuel A. Ramirez & Co. Inc. is the cosponsor and Wells Fargo Bank NA is the trustee.

Ginnie Mae also priced a separate offering of guaranteed REMIC pass-through securities and MX securities totaling $300.1 million. J.P. Morgan Securities LLC is acting as sponsor, Mischler Financial Group Inc. is the cosponsor and Wells Fargo Bank NA is the trustee.

The company is offering another $282.1 million of guaranteed multifamily REMIC pass-through securities and MX securities. Merrill Lynch Pierce Fenner & Smith is acting as sponsor, Duncan-Williams Inc. is the cosponsor and U.S. Bank NA is the trustee.

Furthermore, Ginnie Mae priced a $243.2 million offering of guaranteed REMIC pass-through securities and MX securities in which Citigroup Global Markets Inc. is acting as sponsor, Mischler Financial Group Inc. is the cosponsor and U.S. Bank NA is the trustee.

A $135.8 million offering of guaranteed REMIC pass-through securities and MX securities was also priced. J.P. Morgan Securities LLC is acting as sponsor, Mischler Financial Group Inc. is the cosponsor and Wells Fargo Bank NA is the trustee.

In addition, Ginnie Mae priced separate offerings of $539.9 million, $236.3 million, $266.2 million and $262.1 million respectively and did not disclose their sponsors or trustees.

The expected closing date for all the offerings is Jan. 30.