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Fannie Mae Closes 2016 with Record Multifamily Volume of $55.3B
Thursday, February 23, 2017 6:50 AM

Fannie Mae provided $55.3 billion in financing and supported 724,000 units of multifamily housing in 2016, the highest volume in the history of its Delegated Underwriting and Servicing (DUS) program. The company also led the market last year with $54.9 billion worth of new issue mortgage-backed securities that attracted more investors purchasing DUS MBS than ever before and provided additional liquidity to the market with more than $10 billion in Guaranteed Multifamily Structures.

Fannie Mae Multifamily devoted significant resources in 2016 to invest in technology as part of an effort to support its business activities and said it will continue to make improvements to systems and processes in 2017. Additionally, the company introduced more frequent and transparent communication and collaboration opportunities to further enhance the customer experience and reinforce its partnerships.

Listed below are 2016 production highlights for individual business categories, which are included in the total multifamily production number.

  • Affordable Housing – overall production of $5.6 billion comprised of $4.3 billion in MAH (for rent-restricted properties and properties receiving other federal and state subsidies), an increase of 43 percent from $3.0 billion in 2015; and $1.3 billion for properties with rent restrictions between 60 percent and 80 percent AMI, an increase of 101 percent from $648 million in 2015
  • Small Loans – $1.9 billion, an increase of 19 percent from $1.6 billion in 2015
  • Green Financing – (properties with Green Building Certifications or loans targeting a 20 percent reduction or more in energy or water consumption reduction) $3.6 billion, an increase of over 1,000 percent from $309 million in 2015
  • Manufactured Housing Communities – $3.0 billion, an increase of 282 percent from $786 million in 2015  
  • Student Housing – $2.5 billion, an increase of 67 percent from $1.5 billion in 2015
  • Structured Transactions – $4.5 billion, an increase of 29 percent from $3.5 billion in 2015
  • Seniors Housing – $1.5 billion compared to $2.7 billion in 2015

Learn more at Fannie Mae.