Search
 

How Fannie Mae Financed Its Record $55.3B In Multifamily Deals Last Year

WASHINGTON, DC--Fannie Mae's multifamily finance volume last year was the highest ever.

By Erika Morphy | erikamorphy | Updated on February 21, 2017

Fannie Mae Headquarters. Photo by Wikipedia. Fannie Mae Headquarters. Photo by Wikipedia.

WASHINGTON, DC–Fannie Mae hit a number of high notes last year with its multifamily lending activities. It provided $55.3 billion through its Delegated Underwriting and Servicing program — the highest volume since the program was established in 1988. That compares to $42.3 billion in 2015, a significant year over year increase.

It issued $54.9 billion worth of new issue mortgage-backed securities and attracted more than 100 new unique investors. (Since the program’s inception there have been 200 investors in the program.) This translated into more than $10 billion in Guaranteed Multifamily Structures.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.