Multifamily Credit Risk Transfer

Fannie Mae partners with private sources of capital to transfer mortgage credit risk, develop broad and liquid markets, and reduce taxpayer risk.


of our multifamily book of business was seriously delinquent as of Q1 2020.

The Multifamily team uses an industry-leading framework to manage credit risk over the full loan lifecycle, from underwriting to maturity/disposition:

Underwriting Management

We set prudent underwriting standards and regularly reevaluate them to address credit tolerance relative to current market conditions.

Performance Management

We review credit decisions to confirm that credit risk is appropriately managed during loan underwriting, then monitor performance throughout the loan term.

Mitigation Strategies

Our loss mitigation teams aim to identify risks early and develop strategies to minimize potential losses.

See Multifamily's industry-leading framework

Click here to view an overview of how Multifamily manages credit risk.

Multifamily Industry Leading Framework

Educational Videos

Click on the videos below to learn more about the segments of Fannie Mae's Multifamily business.

Multifamily's Industry Leading Credit Risk Management Framework

We mitigate the credit risk we hold by transferring a portion to reinsurers and investors.

Multifamily Explainer: Credit Risk Transfer Program

Our Multifamily Credit Risk Transfer executions complement the DUS model and attract private capital.

DUS® Explainer

We can expand and contract to meet market demands thanks to our delegated model.

MCRT Resource Webinar

Get an in-depth look at resources for the Multifamily Credit Risk Transfer Program.

Multifamily's credit risk transfer vehicles