GovernmentNational Mortgage Association on April 22 announced an offering ofguaranteed HECM MBS REMIC pass-through securities and MX securities totaling$232.6 million.
Merrill Lynch Pierce Fenner & Smith Inc. is the sponsorand Duncan-Williams Inc. is the co-sponsor. U.S. Bank NA is acting as thetrustee for the offering.
Ginnie Mae also priced an offering of guaranteed multifamilyREMIC pass-through securities totaling $249.8 million. Credit Suisse Securities(USA) LLC is the sponsor and Samuel A. Ramirez & Co. Inc. is the co-sponsorfor the offering. Wells Fargo Bank NA is acting as trustee.
The company also is offering $485.7 million of guaranteedREMIC pass-through securities and MX securities. Credit Suisse Securities (USA)LLC is the sponsor and Great Pacific Securities is the co-sponsor. Wells FargoBank NA is acting as trustee.
Ginnie Mae will guarantee the timely payment of principaland interest on the securities included in the offerings. The securities willbe offered by the sponsor and co-sponsor from time to time in negotiatedtransactions at varying prices.
The offerings are expected to close April 29.