WASHINGTON, DC - Fannie Mae provided more than $67 billion in financing and supported over 750,000 units of multifamily housing in 2017 – the highest volume in the history of its Delegated Underwriting and Servicing (DUS) program.
"This year marks our 30th anniversary of DUS, a platform that relies on shared risk and strong lender partnerships to serve the needs of the rental housing market. While we are proud of the volume and the lives of people who are impacted by our work, we also are proud of the consistent credit quality of our acquisitions and the positive outcomes that occur because of shared risk," said Jeffery Hayward, Executive Vice President of Multifamily, Fannie Mae. "We not only provided consistent liquidity to the market, but we also delivered tremendous value to investors who bought our DUS MBS and Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS)."
The company also led the market last year with $65.4 billion worth of new issue mortgage-backed securities that attracted more investors purchasing DUS MBS than ever before and provided additional liquidity to the market with more than $12 billion in Fannie Mae GeMS. Fannie Mae continued to invest in technology to better serve customers and investors, including DUS Disclose, a state-of the-art disclosure platform designed to more easily access data on its properties.
"We want to thank our DUS Lender partners for an extraordinary 2017. Together, we supported all segments of the multifamily market and broke records in Green Financing, Structured Transactions, Seniors Housing, and Multifamily Affordable Housing (MAH)," said Woody Brewer, Vice President of Customer Engagement, Fannie Mae. "I am very excited about the success we've had in transforming the market and making Green Financing the new standard in multifamily."
Green Financing provided positive and measurable financial, social, and environmental savings to property owners, tenants, lenders, and investors. When green improvements are made and the tenants pay the utility bills, tenants may see their utility bills decrease by about $125 annually – that's money they can spend on other expenses like education, transportation, healthcare, or childcare.