DELEGATED UNDERWRITING & SERVICING (DUS®) – the role of risk retention in MultifaMily finance. For more than 25 years, Fannie Mae’s Multifamily Mortgage Business (Multifamily. Given the importance of the Fannie Mae Multifamily Business as a stable, long-term source of financing, it is timely to examine.
· In Multifamily Finance, Fannie and Freddie Are Still the Elephant in the Room. removing $140 billion in support is likely to significantly reduce stability and liquidity in the multifamily mortgage and property markets,” Brickman said.. “They’re more innovative than other multifamily lenders. They have a huge commitment to the.
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Fitch Ratings also pointed out that multifamily REITs that have access to financing from government-sponsored enterprises Fannie Mae and Freddie Mac are more stable than other REITs if the.
"We expect the coming 12 months to continue the trends of 2012: stable ratings with similar numbers of upgrades and downgrades for most program types, but more pressure on certain securities, such as.
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Government-backed multifamily financing are multifamily loans sponsored by Fannie Mae, Freddie Mac, as well as the FHA. There are more than 5 government-backed multifamily financing options available to investors which can either finance properties with 2 – 4 units or properties with 5+ units.
"They’re more innovative than other multifamily lenders. They have a huge commitment to the multifamily industry." Their absence would open up a gaping vacuum, especially in affordable housing, according to Morgan. "There’s a huge affordability problem, and Fannie and Freddie do a great job of providing [liquidity]," Morgan said.
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 GeMS).
The agency that oversees fannie mae and Freddie Mac is going ahead with plans to scale down their financing of multifamily mortgages next year despite heated opposition from industry groups.
Much less well-known, but arguably more important is Fannie’s and Freddie’s role in the multifamily debt market. According to a recent report from the Center for American Progress, more than 84 percent of all multifamily loans originated in 2009 were purchased by Fannie and Freddie.