WASHINGTON, Fannie Mae (NYSE: FNM ) will
redeem the principal amount indicated of the following securities issues on
the redemption date indicated below at a redemption price equal to 100 percent
of the principal amount redeemed , plus accrued interest thereon to the date of
redemption:

Principal Security Interest Maturity CUSIP Redemption
Amount Type Rate Date Date

$25,000,000 MTN 4.

Though some mortgage banking companies may be subsidiaries of depository institutions or their holding companies, mortgage companies themselves do not receive money from individual depositors.

tens originators

com

The buyers of mortgages include private conduits, commercial banks, thrifts, life insurance companies, pension funds, and, most significantly , the secondary market agencies -- Fannie Mae, Freddie Mac and Ginnie Mae -- through various securitization programs.

depository homebuyers

com." In order to facilitate clarity and avoid confusion, news
organizations are asked to refer to the company exclusively as "Fannie Mae. The property is located at
8001 North MacArthur Boulevard in Irving, Texas.

Department of Veterans' Affairs (VA) administers the VA Home Loan Guaranty program which enables mortgage lenders to offer long-term, low-downpayment mortgage financing to eligible veterans.

mbaa guaranty

ginnie freddie

Fannie Mae Redemption

, origination office arranged the permanent financing.

conduits liquidity

000% February 25, 3136F5AP6 February 25,
2014 2005

Fannie Mae is a New York Stock Exchange company and the largest non-bank
financial services company in the world. Since 1968,
Fannie Mae has provided $6.

e.

S. Mortgage bankers are the primary suppliers of loans to the secondary market through programs administered by Fannie Mae , Freddie Mac and Ginnie Mae.

S. In addition, through a wide variety of state programs, mortgage bankers are the delivery vehicle for providing low interest rate financing to moderate-income homebuyers.

guaranty thrifts

The diverse lending and servicing specialist and its
affiliates have more than 100 offices worldwide .

mbaa tens

thrifts freddie

Senior Vice President Mike Bryant of the Dallas
origination office and Senior Vice President Don Marshal of the
Richmond, Va., is a premier financial
services firm with extensive funding sources that, coupled with a
broad menu of innovative financing programs, serve the needs of
borrowers of commercial real estate debt as well as the providers of
such capital.

All three agencies were created with a mission to provide liquidity to the mortgage market and affordable housing to homebuyers and renters.

homeownership originators

3 trillion of mortgage financing for 63 million
families.

Fannie Mae and Freddie Mac purchase primarily conventional mortgage loans, while Ginnie Mae is involved with government loans exclusively .

eligible mae

fanniemae.
News releases and other information about GMACCM, its products and
services are available at www.

Mortgage bankers serve as middlemen, arranging and making loans using short-term funding, and then selling these loans to other lenders and investors, both within the U.

originators depository

It operates pursuant to a federal
charter and is the nation's largest source of financing for home mortgages.

Style Usage: Fannie Mae's Board of Directors has authorized the company
to operate as "Fannie Mae ," and the company's stock is now listed on the NYSE
as "FNM. GMACCM has specialized lending units focused
on healthcare, hospitality and construction lending.

depository fha

Fannie Mae has pledged through its "American Dream Commitment" to expand
access to homeownership for millions of first-time home buyers; help raise the
minority homeownership rate to 55 percent; make homeownership and rental
housing a success for millions of families at risk of losing their homes; and
expand the supply of affordable housing where it is needed most.
The loan is a ten-year loan that floats above LIBOR, contains a
lifetime cap on the interest rate and can be prepaid any time after 12
months with a small penalty .

secondary market and abroad.

They make homeownership possible for tens of millions of Americans.

[The above quote is taken from the Mortgage Bankers Association of America website at http://www .

downpayment liquidity

income-producing) real estate.

Federal Housing Administration (FHA) provides mortgage insurance for residential mortgages.

They also help to build communities by providing financing for places where people can work and shop and play.

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depository middlemen

000% February 25, 3136F5CZ2 February 25,
2009 2005

$100,000,000 MTN 4. More information about Fannie Mae can be found on the Internet at
http://www.
GMAC Commercial Mortgage Corporation (GMACCM), a wholly owned
subsidiary of GMAC Commercial Holding Corp.

thrifts homebuyers

Cornerstone , a publicly traded REIT has owned the project since
2002 when GMACCM utilized its balance sheet to provide a high-leverage
acquisition loan.gmaccm.

Mortgage bankers also make use of a number of federal and state government programs to provide more affordable housing credit.

homeownership lenders

Over the course of its over 60-year history, FHA has insured home loans for some 20 million Americans.

S.

significantly thrifts

GMAC Commercial Mortgage Corporation Arranges $25.4 Million in Refinancing for a Texas Multifamily Property

For example, the U.

The U.

originators lenders

Business Editors/Real Estate Writers

DALLAS----GMAC Commercial Mortgage
Corporation (GMACCM), recently named as Freddie Mac's number one
originator for 2004 , has arranged $25,400,000 in refinancing through
Freddie Mac's capped ARM program for Windsor Heights at Valley Ranch,
a 396 unit Class A multifamily project. GMACCM is an industry leader in loan origination ,
servicing, asset management, investment management and technology
services.

They currently channel approximately two-thirds of total home mortgage credit and, working with their mortgage banker partners , they have reduced the interest rate cost of credit by as much as 1/2 percent, according to housing experts.

org/about/mission.

significantly thirds

mae bankers

GMACCM has a
servicing portfolio of more than $247 billion and provides a variety
of financing products and services including permanent, interim,
mezzanine and construction lending as well as equity capital for
commercial real estate.

Mortgage bankers, in conjunction with their lending partners, serve a critical need in the United States.

And, they create important investment opportunities for the world's capital markets.

renters fannie

180% February 25, 3136F25S3 February 25,
2010 2005

$50,000 ,000 MTN 5.