Fannie Mae Multifamily Receives Top Ranking as a Master Servicer from Morningstar
WASHINGTON, D.C. – July 8, 2015 – (RealEstateRama) — Fannie Mae (FNMA/OTC) announced today that the company’s Multifamily Master Servicing organization was recognized with the highest and strongest commercial mortgage master servicer ranking, MOR CS1, from Morningstar Credit Ratings, LLC. This marks the second time in recent months that Fannie Mae Multifamily has received an exemplary ranking from a rating agency and reflects the strength of Fannie Mae’s Delegated Underwriting and Servicing (DUS®) program, a risk-sharing model that has been providing financing to the multifamily market for more than 25 years.
“This ranking acknowledges the important work the Fannie Mae team does to support the multifamily market and our commitment to providing quality rental housing in every market, every day,” said Jeffery Hayward, Executive Vice President of Multifamily. “Morningstar noted the strength of our management and strong oversight of our servicers. We are pleased that Morningstar has acknowledged our strong and professional teams, our oversight of subservicer data accuracy, and our superior technology platform.”
As the largest source of financing in the multifamily sector, Fannie Mae remains a reliable partner across the spectrum of the nation’s rental housing needs. Since 1988, Fannie Mae and its DUS Lender network have provided more than $330 billion in liquidity to the mortgage market to finance more than 6.7 million units of multifamily housing. As of March 31, 2015, Fannie Mae’s Multifamily guaranty book of business was $205.1 billion. More information on Fannie Mae’s Multifamily Mortgage Business is available at https://www.fanniemae.com/multifamily/index.
Read Morningstar’s announcement on this ranking.
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by Callie Dosberg