FM Commentary

FM Commentary

Demystifying Fannie Mae's Role in Rental Housing

Manuel Menendez My colleagues and I in Fannie Mae's Multifamily Mortgage Business are often asked about the company's role in America's rental housing market. To provide a little clarity, today we published the Overview of Fannie Mae's Multifamily Mortgage Business, an in-depth but easy-to-understand view of workforce rental housing. The paper includes a snapshot of the nation's multifamily housing industry, explains how the properties are financed, and details Fannie Mae’s participation in this important market segment.

Our multifamily business has a long and successful tradition of supporting working Americans who look to renting as an affordable housing option. For 25 years, we have provided a stable, reliable source of financing to support the secondary multifamily mortgage market. Using our unique Delegated Underwriting and Servicing (DUS®) platform – through which selected lenders share risk of loss with us and are delegated authority to underwrite, close, and service loans on our behalf – Fannie Mae has helped the rental sector thrive during even the toughest economic swings.

I encourage you to read the paper, which explains these efforts in greater detail.

Manuel Menendez
Senior Vice President
Multifamily Customer Engagement

May 22, 2012

The views expressed in these articles reflect the personal views of the authors, and do not necessarily reflect the views or policies of any other person, including Fannie Mae or its Conservator. Any figures or estimates included in an article are solely the responsibility of the author.

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