As the tepid recovery continues from the most severe recession since World War II, more Americans look to rental housing. Nearly 100 million American households pay rent these days. All signs point to that figure growing in the months and years ahead. Did you know that Fannie Mae’s service to the housing market includes serving the rental housing market?
As a leading provider of liquidity to the multifamily rental housing market, Fannie Mae is committed to financing loans of all sizes in every market, on a wide range of property types, every day.
Our mission is to provide a reliable source of financing that meets the full spectrum of the nation’s rental housing needs. Analysts expect renters to account for 36 percent of U.S. households by 2015, up from 32.8 percent in 2004, and every percentage-point increase amounts to about 1.3 million more households joining the renting ranks. As demand for rental housing continues to grow, Fannie Mae has a duty to educate the industry and the public about the importance of providing quality, affordable rental housing. This is housing that many segments of the population – including working families, seniors, students, and our armed forces – today call home.
For more than 25 years, Fannie Mae’s Multifamily Mortgage Business has financed workforce rental housing through the secondary mortgage market, ensuring ongoing liquidity and stability in communities across the country. Our mission has never been more critical than it is right now. Fannie Mae is committed to creating long-term value, helping build a sustainable housing market, and building stable communities for the future.
Our experience and market knowledge deliver solutions that help lenders and borrowers succeed. Fannie Mae successfully partners with a targeted group of lending experts through our Delegated Underwriting and Servicing (DUS®) platform. Fannie Mae’s DUS lender network offers multifamily borrowers responsive, reliable service and effective financing solutions, delivered with speed and certainty of execution. This financing helps to ensure that the rental housing market can meet the growing demand, providing access to quality rental units that are affordable to families earning a broad spectrum of household incomes.
Our Multifamily Customer Engagement team along with the Economics and Market Research team have analyzed the multifamily sector and our role in providing liquidity to two key segments – workforce rental housing and the small loan market. Our findings have been published in two research papers that are available at the links below. This research provides an in-depth view of the market, issues, and our role in supporting this critical source of housing. We continue to leverage our extensive experience to better educate the market about the growing importance of rental housing.
Executive Vice President
Multifamily Mortgage Business
October 6, 2011