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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.

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.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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