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Fannie Mae gave $55.3 billion for 724,000 units of housing

Staff Writer |
Fannie Mae provided $55.3 billion in financing and supported 724,000 units of multifamily housing in 2016.

This is the highest volume in the history of its Delegated Underwriting and Servicing (DUS) program.

The company also led the market last year with $54.9 billion worth of new issue mortgage-backed securities that attracted more investors purchasing DUS MBS than ever before and provided additional liquidity to the market with more than $10 billion in Guaranteed Multifamily Structures (Fannie Mae GeMS™).

"I am proud of the business we did last year with our lenders and borrowers to support affordable and workforce housing across multifamily market segments.

"We achieved record volumes for Affordable, Green Financing, Student Housing, and Manufactured Housing Communities," said Jeffery Hayward, executive vice president of Multifamily, Fannie Mae.

Fannie Mae Multifamily devoted significant resources in 2016 to invest in technology as part of an effort to support its business activities and will continue to make improvements to systems and processes in 2017.

Additionally, the company introduced more frequent and transparent communication and collaboration opportunities to further enhance the customer experience and reinforce its partnerships.

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