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Fannie Mae, Freddie Mac Lead Mortgage Originations

WASHINGTON, DC-These two government-sponsored enterprises led the way to $32.6 billion in mortgage originations during the first half of 2001, as players bank on multifamily housing as a safe investment bet no matter what the economy is doing.

By Marlon Millner | Updated on August 28, 2001

WASHINGTON, DC-A new survey by the Mortgage Bankers Association of America reports Fannie Mae and Freddie Mac accounted for 30% of $32.6 billion in mortgage originations during the first half of 2001. The total was up 30% from the same period last year, but down 12% from the $37.1 billion reported for the second half of 2000. MBAA attributed the increase year-over-year to lending for multifamily housing, where volume increased to $16.2 billion in the first two quarters of this year versus $10.1 billion in the same period last year. And the bulk of that increase went to Fannie and Freddie.

Specifically, those two organizations funded 28.8% of the dollar amount, or about $9.4 billion of the $32.6 billion. Based on the number of loans, the pair accounted for 30.6% of all loans, or 1,154 of 3,767 loans.

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