BIRMINGHAM, AL—Regions Bank, the primarybanking subsidiary of Regions FinancialCorporation, has been approved as a Fannie MaeDelegated Underwriting and Servicing (DUS) lender andacquired a DUS servicing portfolio totaling approximately$1 billion.
The Fannie Mae DUS approval complementsRegions' existing real estate banking and capital marketscapabilities and will allow the bank to provide long-term, flexiblefinancing solutions to support multifamily housing clientsnationwide.
“Multifamily housing continues to be an important and growingsector of the real estate market and permanent, flexible financingfor completed developments is critically important to increasingboth the availability and affordability of housing,” saidJohn Turner, head of Regions' CorporateBank. “Regions Bank is pleased to now be one of the24 Fannie Mae designated DUS lenders in the US.This capability is a significant addition to the bank's existingsuite of debt capital products to meet the needs of real estatebanking clients.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
