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Fannie Mae and its Lenders Finance Billions in Multifamily Loans

by Vannesa Bernal

In 2012, Fannie Mae met the Federal Housing Finance Agency’s goal to reduce multifamily volumes by ten percent, achieving a 95 percent of total volume capacity.

Now in 2013, Fannie Mae has been able to provide $28.8 billion working with lender partners and has finance 507,000 units of multifamily housing.  As one of the largest sources in financing of the multifamily sector, it still remains the most reliable partners across the spectrum of the nation’s rental housing needs.

“I am proud that Fannie Mae continue to serve the multifamily market in 2013 with $28.8 billion of new acquisitions,” said Jeffery Hayward, senior vice president and head of the Multifamily Mortgage Business, Fannie Mae. “The need for quality, affordable rental housing is greater today than it’s ever been, and we will continue to do our part by providing liquidity, stability, and affordability to the multifamily market and maintaining our credit standards. Over 85 percent of the multifamily units we financed in 2013 were affordable to families earning at or below the median income in their area.”

With the help of Delegated Underwriting and Servicing, otherwise known as the DUS program, Fannie Mae is able to keep financing afloat. The DUS program provides the certainty, speed of execution, delegated underwriting and servicing, competitive pricing and strong credit risk management.  DUS lenders have delivered 99 percent of Fannie Mae’s 2013 multifamily loan acquisitions.

“Thanks to our 24 DUS Lenders, 2013 was another terrific year for multifamily production,” said Hilary Provinse, vice president for Multifamily Customer Engagement, Fannie Mae. “As the competitive landscape heats up in 2014, we will rely on the strength of our delegated model and the flexibility of our single loan MBS to help our Lenders achieve their production goals as we continue to build a solid book of business.”

The following includes, the 10 DUS Lenders who produced the highest volume in 2013:

Top 10 DUS Producers in 2013:

1.      Walker & Dunlop, LLC
2.      Wells Fargo Multifamily Capital
3.      CBRE Multifamily Capital, Inc.
4.      Beech Street Capital, LLC
5.      Berkadia Commercial Mortgage, LLC
6.      Prudential Mortgage Capital Company
7.      M&T Realty Capital Corporation
8.      PNC Real Estate
9.      Arbor Commercial Funding, LLC
10.  Berkeley Point Capital LLC

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