WASHINGTON, DC – May 4, 2011 – (RealEstateRama) — Fannie Mae (FNMA/OTC) today announced its top multifamily loan originators for 2010. Through Fannie Mae’s Delegated Underwriting and Servicing (DUSTM) program, these top ten lender partners produced the highest multifamily loan volumes by contributing at least $870 million each.
“In the face of a challenging market, the DUS lenders have continued to lend, providing liquidity and stability to the multifamily market,” said Ken Bacon, Executive Vice President of Fannie Mae’s Multifamily Mortgage Business. “These results confirm that the multifamily business is well positioned to continue to grow and do well in the future thanks to the hard work and dedication of our DUS lenders.”
The DUS program was created 23 years ago and is recognized in the industry as the premier multifamily lending platform in the country. The delegated model, with risk sharing at its core, has served Fannie Mae and the industry well. In fact, the concept of risk retention has recently been proposed as a way to ensure proper underwriting and sustainable lending.
Fannie Mae works with its lender partners to provide multifamily debt solutions for all segments of the multifamily market, including small and large multifamily loans, seasoned pool purchases and structured transactions. Approximately 91 percent of the multifamily units financed by Fannie Mae through its lender network are affordable to America’s working families earning at or below the median income of their communities.
In 2010, Fannie Mae and its lender partners provided $16.9 billion in debt financing for the rental housing market, through approximately 2,300 multifamily mortgage loans for 306,000 rental units across the U.S.
The top ten multifamily loan originators, listed in descending order, are:
- Wells Fargo Bank N.A.;
- DB Mortgage Services, LLC;
- Walker & Dunlop, LLC;
- CBRE Multifamily Capital, Inc;
- PNC Bank, National Associations;
- Arbor Commercial Funding, LLC;
- Prudential Multifamily Mortgage, Inc;
- CWCapital LLC;
- M&T Realty Capital Corporation;
- Greystone Servicing Corporation, Inc
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America’s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
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Fannie Mae Resource Center Telephone 1-800-7FANNIE
Amy Bonitatibus Phone: (202) 752-4144