February 22, 2017
The Federal National Mortgage Association (Fannie Mae) provided $55.3 billion in financing to 724,000 units of multifamily housing in 2016. The total represents the highest volume in the history of the government-sponsored entity’s Delegated Underwriting and Servicing (DUS) program.
The company also issued $54.9 billion of new mortgage-backed securities to investors, representing another record. Additionally, Fannie Mae provided $10 billion in Guaranteed Multifamily Structures. (GeMS).
Wells Fargo Multifamily Capital, Walker & Dunlop LLC and CBRE Multifamily Capital Inc. topped the list of top 10 DUS Lenders in 2016. “This is a relationship-based business – you need reliable, trusting partners to get deals done for borrowers and meet the needs of the rental housing market,” said Hilary Provinse, senior vice president for Multifamily Customer Engagement, Fannie Mae.
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Tags: Apartments & Multifamily