{"id":1004091000,"date":"2014-02-07T12:15:04","date_gmt":"2014-02-07T20:15:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004091000"},"modified":"2022-12-07T07:45:42","modified_gmt":"2022-12-07T15:45:42","slug":"fannie-mae-m-f-volume-dropped-in-13","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fannie-mae-m-f-volume-dropped-in-13\/","title":{"rendered":"Fannie Mae M-F Volume Dropped in \u201913"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/em><\/p>\n

<\/em>Fannie Mae reports that for all of 2013, it provided $28.8 billion in multi-family finance, involving about 507,000 multi-family units all together. Almost all of last year\u2019s total — $28.5 billion \u2013 was delivered through MBS execution, and the GSE also says that it met the Federal Housing Finance Agency\u2019s mandate to reduce multi-family volumes by 10 percent relative to 2012 levels.<\/p>\n

According to Jeffery Hayward, head of the company\u2019s multi-family mortgage business, more than 85 percent of the multi-family units financed by Fannie Mae last year were affordable to tenants earning at or below the median income in their area. Financing for rent-restricted properties (and properties receiving other federal and state subsidies) was $2.3 billion, a decrease from 2012\u2019s $3.8 billion.<\/p>\n

Also in 2013, large loans ($25 million or higher) totaled $10.4 billion, down from $11.6 billion in 2012, while small loans (up to $3 million, or $5 million in high-cost areas) totaled $2.3 billion, down from $3 billion in 2012. Loans for seniors housing were $1.6 billion, up from 2012\u2019s total of $1.2 billion, and loans for manufactured housing also saw an uptick from $912 million in 2012 to $1 billion in 2013. Student housing came in at $454 million, a decrease from $712 million in 2012.<\/p>\n

Fannie Mae\u2019s top 10 Delegated Underwriting and Servicing program lenders for 2013 included Walker & Dunlop, Wells Fargo Multifamily Capital, CBRE Multifamily Capital, Beech Street Capital, Berkadia Commercial Mortgage, Prudential Mortgage Capital Co., M&T Realty Capital Corp., PNC Real Estate, Arbor Commercial Funding, and Berkeley Point Capital. These DUS lenders are in order of production volume, starting with the highest producer.<\/p>\n

Also in order of production volume are the top six producers last year for affordable housing: Wells Fargo Multifamily Capital, Oak Grove Capital, Greystone Servicing Corp., Walker & Dunlop, Citibank, and PNC Real Estate. The last two tied for fifth place.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Fannie Mae reports that for all of 2013, it provided $28.8 billion in multi-family finance, involving about 507,000 multi-family units all together. <\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004091000","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nFannie Mae M-F Volume Dropped in \u201913 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fannie-mae-m-f-volume-dropped-in-13\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fannie Mae M-F Volume Dropped in \u201913\" \/>\n<meta property=\"og:description\" content=\"Fannie Mae reports that for all of 2013, it provided $28.8 billion in multi-family finance, involving about 507,000 multi-family units all together.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fannie-mae-m-f-volume-dropped-in-13\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-07T20:15:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T15:45:42+00:00\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fannie-mae-m-f-volume-dropped-in-13\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fannie-mae-m-f-volume-dropped-in-13\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Fannie Mae M-F Volume Dropped in \u201913\",\"datePublished\":\"2014-02-07T20:15:04+00:00\",\"dateModified\":\"2022-12-07T15:45:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fannie-mae-m-f-volume-dropped-in-13\\\/\"},\"wordCount\":298,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fannie-mae-m-f-volume-dropped-in-13\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fannie-mae-m-f-volume-dropped-in-13\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fannie-mae-m-f-volume-dropped-in-13\\\/\",\"name\":\"Fannie Mae M-F Volume Dropped in \u201913 - 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