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Fannie Mae announces semiannual multifamily investment volumes

Jul 27, 2010

Fannie Mae has announced that the company, through its lender and housing partners, provided $5.9 billion in investment to the multifamily rental housing market for the first half of 2010. “In today’s constrained market, Fannie Mae and our Delegated Underwriting and Servicing (DUS) lender partners remain diligent about providing much needed liquidity and stability,” said Kenneth Bacon, executive vice president of Fannie Mae’s housing and community development division. “Despite challenged fundamentals, we are beginning to see an uptick in commitment activity and continue to manage credit risk by maintaining prudent lending standards and asset quality for new loans. Fannie Mae’s commitment to sustainability and support of the DUS lenders help us in our efforts to stabilize the market.” Fannie Mae Multifamily has bolstered its mortgage-backed securities (MBS) business since focusing its efforts on securitization and broadening the investor base in 2009. The company currently provides liquidity to the multifamily market mainly through MBS issuance. Of the $5.9 billion invested in the first half of this year, $5.5 billion was delivered through MBS execution. Fannie Mae provides more liquidity to the multifamily market than any other financial institution in the country and continues to serve housing needs of low- to middle-income Americans. In the first half of the year, roughly 90 percent of the rental units financed have been for low and moderate income families. For more information, visit www.fanniemae.com.
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