Skip to main content

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.
About the author
Published
Jul 27, 2010
FHA To Lay Off 40% Of Workforce

Mass terminations across the federal government expected to hit federal mortgage insurer

Feb 18, 2025
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
HUD Secretary Halts Equal Access Rule Enforcement

HUD to be transformed 'in His own image'

Feb 10, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025