Fannie Mae says it received a commercial loan master and special servicing ranking of ‘above average’ from Standard & Poor's for the company's multifamily business. This designation 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 important ranking acknowledges the solid, ongoing work that Fannie Mae does to support the multifamily market through our DUS program. The ranking is a testament to the commitment of our people, the quality of our servicer oversight, and the strength of our internal processes and controls within our multifamily servicing and asset management platforms,’ says Jeffery Hayward, senior vice president and head of the multifamily mortgage business for Fannie Mae.
Since 1988, Fannie Mae and its DUS lender network have provided more than $315 billion in liquidity to the mortgage market to finance more than 6.6 million units of multifamily housing. As of Sept. 30, 2014, Fannie Mae's multifamily guaranty book of business was $200.2 billion.
