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Fannie Mae Announcement & Goff Corporation's News: (OTC:FNMA), (OTC:GOFF)


New York, NY -- (ReleaseWire) -- 04/12/2013 --Fannie Mae (OTC:FNMA) announced that the company issued approximately $8.2 billion1 of multifamily MBS in the first quarter of 2013, backed by new multifamily loans delivered by its lenders. Fannie Mae also resecuritized $3.2 billion of DUS® MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program in the first quarter.

"The momentum in the Agency CMBS market carried over year-end and into 2013, and DUS issuance continued to be robust in the first quarter," said Kimberly Johnson, Senior Vice President of Multifamily Capital Markets, Fannie Mae. "Resecuritization activity has remained stable in the first quarter despite interest rate volatility, and we are on pace to exceed $10 billion in GeMS issuance this year."

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Goff Corporation's (OTC:GOFF) wholly owned subsidiary Golden Glory Resources Inc. has engaged Geoconsultora Fenix S.A.S., a leading geo--technical consulting firm in Colombia to conduct the exploration program on its La Frontera Gold Project. Fenix will be using the advances provided by modern satellite interpretation to help determine gold/silver targets on the leases.

The leases on Goff subsidiary Golden Glory Resources' LGC15011 or La Frontera Gold Project are comprised of 1227 hectares of mineral leases in the Aguadas area, Department of Caldas, located about 60 kilometers south of Medellin in Northern Colombia. Roughly 30% of the La Frontera property also straddles the Antioquia region. The Caldas and Antioquia regions are emerging as two of the leading gold producing areas in Colombia.

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