Fannie Mae's Multifamily Mortgage Business Receives Solid Ranking from Standard & Poor's
WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it received a commercial loan master and special servicing ranking of "ABOVE AVERAGE" from Standard & Poor’s for the company’s multifamily business. This designation reflects the strength of Fannie Mae’s Delegated Underwriting and Servicing (DUS®) program, a risk-sharing model that has been providing financing to the multifamily market for more than 25 years.
"We are pleased to have received an ABOVE AVERAGE ranking as a multifamily master servicer and special servicer from Standard & Poor's," said Jeffery Hayward, Senior Vice President and Head of the Multifamily Mortgage Business, Fannie Mae. "This important ranking acknowledges the solid, ongoing work that Fannie Mae does to support the multifamily market through our DUS program. The ranking is a testament to the commitment of our people, the quality of our servicer oversight, and the strength of our internal processes and controls within our Multifamily servicing and asset management platforms."
As the largest source of financing in the multifamily sector, Fannie Mae remains a reliable partner across the spectrum of the nation’s rental housing needs. Since 1988, Fannie Mae and its DUS Lender network have provided more than $315 billion in liquidity to the mortgage market to finance more than 6.6 million units of multifamily housing. As of September 30, 2014, Fannie Mae’s Multifamily guaranty book of business was $200.2 billion. More information on Fannie Mae’s Multifamily Mortgage Business is available at https://www.fanniemae.com/multifamily/index.
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