in News > Residential Mortgage
print the content item
Fannie Mae provided $28.8 billion in financing to the multifamily market in 2013, working with lender partners to finance 507,000 units of multifamily housing, according to the government-sponsored enterprise (GSE).

Fannie Mae says approximately 99% ($28.5 billion) of the loans that it financed in 2013 were delivered through mortgage-backed securities execution. It also reports it met the Federal Housing Finance Agency’s goal to reduce multifamily volumes by 10% relative to 2012 levels, achieving 95% of its total volume capacity.

Fannie Mae’s Delegated Underwriting and Servicing (DUS) lenders delivered 99% of its 2013 multifamily loan acquisitions, according to the GSE.

The company reports the following top 10 DUS lenders that produced the highest volume in 2013, as well as the top five DUS Lenders that produced the highest volume in the multifamily affordable housing and seniors housing categories in 2013, listed in descending order:

Top 10 DUS Producers in 2013

1.    Walker & Dunlop LLC
2.    Wells Fargo Multifamily Capital
3.    CBRE Multifamily Capital Inc.
4.    Beech Street Capital LLC
5.    Berkadia Commercial Mortgage LLC
6.    Prudential Mortgage Capital Co.
7.    M&T Realty Capital Corp.
8.    PNC Real Estate
9.    Arbor Commercial Funding LLC
10.  Berkeley Point Capital LLC

Top Five DUS Producers for Multifamily Affordable Housing in 2013

1. Wells Fargo Multifamily Capital
2. Oak Grove Capital
3. Greystone Servicing Corp. Inc.
4. Walker & Dunlop LLC
5. TIE:  Citibank NA and PNC Real Estate

Top 5 DUS Producers for Seniors Housing in 2013

1. KeyBank National Association
2. Oak Grove Capital
3. CBRE Multifamily Capital Inc.
4. Berkadia Commercial Mortgage LLC
5. Red Mortgage Capital LLC

Production highlights for individual business categories, which are part of the overall total 2013 multifamily investment number, are as follows:

- Multifamily Affordable Housing (financing for rent-restricted properties and properties receiving other federal and state subsidies): $2.3 billion, a decrease from 2012’s $3.8 billion

- Small Loans (loans of up to $3 million, or $5 million in high cost areas): $2.3 billion, down from $3.0 billion in 2012

- Large Loans (loans $25 million or higher): $10.4 billion, down from $11.6 billion in 2012

- Manufactured Housing Communities: $1.0 billion, an increase from $912 million in 2012

- Student Housing: $454 million, a decrease from $712 million in 2012

- Structured Transactions: $1.9 billion, a slight increase from 2012’s $1.8 billion

- Seniors Housing: $1.6 billion, up from 2012’s $1.2 billion




Latest Top Stories

Virginia Sues 13 Banks For $1.15B Over Faulty RMBS

Virginia is suing 13 banks, including Citigroup, Bank of America and Goldman Sachs, for $1.15 billion over claims the institutions misled the state's retirement system about the sale of faulty RMBS.


Freddie Mac: Great Year So Far For Apartment Construction

Construction of condominium complexes is "scant," at least in comparison to 2006, and single-family construction is just "chugging along," Freddie Mac reports.


'Access To Affordable Mortgages Act' Introduced In The House

Rep. Blaine Luetkemeyer, R-Mo., recently introduced the Access to Affordable Mortgages Act, which aims to exempt certain higher-risk loans from property appraisal requirements under the Truth in Lending Act.


Black Knight: HELOC Reset Storm Approaching

A report from Black Knight Financial Services shows that at least 2.5 million HELOCs will face resets over the next several years, resulting in an average increase of $250 per borrower monthly payment.


CFPB Selects Vendors And Lenders For Its Mortgage E-Closing Pilot

Five technology firms and seven lenders will participate in the CFPB's e-closing pilot, which will explore the viability of developing a standard process for closing mortgages using technology.

Urban Lending_id1351
Hse SandyHook
Industry Resource
Play for Pink
SWBC_id1313
FedHomeLoan_id1341
Safeguard_id1322