We watched the DUS® Platform soar to new heights and the "DUS Alliance" strengthen its bond at last week's 2016 DUS Meeting, with more than 350 attendees, over 30 speakers across a dozen sessions, and an extraordinary cast of superheroes. This was perhaps the most exciting DUS Meeting we've ever hosted and we're looking forward to next year's meeting in Charleston, South Carolina! We are proud to be at the "Heart of Housing" and with your partnership and the power of the DUS brand, we will continue to finance tall and small buildings in a single bound as the leading source of financing and securitization for quality rental housing in the United States.
During the meeting, we discussed and demonstrated the importance that a culture of service has for an organization and renewed our commitment to strengthening our unique DUS partnership. That's why we are focused on making it easier and simpler to do business with Fannie Mae, finding new ways to engage with you, and organizing ourselves to be more responsive to your needs.
We shared FHFA's announcement of May 4 that it was increasing the 2016 multifamily lending caps for both Fannie Mae and Freddie Mac from $31 billion to $35 billion, effective immediately. FHFA also announced a change to the excluded categories for loans to finance energy or water efficiency improvements through the Fannie Mae Green MBS Program. This change has not altered our plans to grow this business nor changed our pricing approach for this product. Updated tools to support lender reporting requirements on the Green MBS will be provided shortly.
And, we reported another solid quarter of financial results for Multifamily and Fannie Mae on May 5. Below are highlights from our filing.
Multifamily Business Highlights
More information is available here: