Fannie Mae has announced that it provided $33.8 billion in financing to the multifamily market in 2012, the third highest acquisition year in its history.
The government-sponsored enterprise reports that it worked with lenders to finance nearly 560,000 units of multifamily housing last year. Fannie Mae's Delegated Underwriting and Servicing program delivered 98% of its multifamily loan acquisitions during 2012.
‘In 2012, the multifamily market was strong, with solid fundamentals remaining in place,’ says Jeffery Hayward, senior vice president and head of Fannie Mae's multifamily mortgage business. ‘Private capital continued to return to the market, an important step to restoring a more normal lending environment. Having a balanced market with diverse sources of liquidity and credit means the whole market is healthy and everyone is doing their part.’