Fannie Mae Multifamily Closes 2021 With Volume of Nearly $70 Billion

WASHINGTON, Jan. 13, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided nearly $70 billion in financing to support the multifamily market in 2021, and funding of multifamily affordable housing rose more than 23 percent last year to the highest volume in the history of its 33-year-old Delegated Underwriting and Servicing (DUSA®) program. At the same time, Fannie Mae continued to be a consistent source of liquidity for multifamily borrowers and support for renters in need as the economy and financial markets managed disruptions related to the pandemic.
"We are pleased to have increased our support of multifamily affordable housing in a year when the need for affordable housing options became more acute," said Michele Evans, Executive Vice President and Head of Multifamily, Fannie Mae. "Working with our DUS lenders we will continue to focus on preserving and expanding the supply of affordable housing, as well as financing quality green and sustainable rental units. We will also ensure that resources remain available for renters as our economy and financial markets cope with pandemic-related disruptions."
"We want to thank our DUS lenders for helping us support the multifamily market in another challenging year," said Rob Levin, Senior Vice President of Multifamily Customer Engagement, Fannie Mae. "Together with our lenders we have been able to ensure there is adequate liquidity in all multifamily markets at all times, and we look forward to working with our lender partners in 2022."
Multifamily Affordable Housing volumes totaled $9.6 billion last year, up 23.1 percent from $7.8 billion in 2020. Green Finance volume totaled $13.5 billion, up 3.6 percent from $13.0 billion in 2020, helping Fannie Mae grow its Multifamily Green MBS issuance to more than $100 billion last year. The following top 10 DUS Lenders produced the highest business volumes in 2021. Also listed below are the Top 5 Lender rankings for highest volumes in 2021 for Structured Transactions, Multifamily Affordable Housing, Small Loans, Manufactured Housing Communities, Green Financing, Student Housing, and Seniors Housing:
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