Fannie Mae and its Lender Partners Financed $28.9 Billion in Multifamily Housing Loans in 2014

WASHINGTON, DC - Fannie Mae provided $28.9 billion in financing to the multifamily market in 2014, working with lender partners to finance 446,000 units of multifamily housing. Fannie Mae securitized approximately 99 percent ($28.6 billion) of the loans it financed in 2014 through its MBS execution. The company continued to leverage its unique Delegated Underwriting and Servicing (DUS) risk-sharing program, which allows Fannie Mae and its lenders to be more responsive to customers and better serve the multifamily market.

"I am proud that Fannie Mae continues to lead the multifamily market," said Jeffery Hayward, Executive Vice President and Head of the Multifamily Mortgage Business, Fannie Mae. "Our success is due both to the strength of our partnerships with our lenders and to our DUS program, a unique risk-retention model, which creates the only commercial MBS that aligns the interests of the lender and Fannie Mae as the guarantor and provides significant benefits to MBS investors. I look forward to working with our partners in 2015 to remain the leading source of financing and securitization for quality rental housing in the United States, while balancing risk and return – in every market, for every income level, every day."  

For 27 years, Fannie Mae has relied on its DUS program to play a significant role in the multifamily housing market. Through DUS, Fannie Mae shares risk with its DUS Lenders and provides certainty and speed of execution; delegated underwriting and servicing; competitive pricing; and strong credit risk management. DUS Lenders delivered nearly 100 percent of Fannie Mae's 2014 multifamily loan acquisitions. 

"In partnership with our 24 DUS Lenders, 2014 was another great year for multifamily production," said Hilary Provinse, Senior Vice President for Multifamily Customer Engagement, Fannie Mae. "The market was incredibly competitive this year. The first half of the year was slow for everyone, so to have reached $28.9 billion in volume is a significant accomplishment. But it's not just the volume that's impressive, it's the quality of the business – we're taking smart risks and winning the right deals."