Skip to main content

We Are in Every Market, Every Day

For over 35 years, Fannie Mae Multifamily has been a reliable source of mortgage capital for the secondary mortgage market. Our Delegated Underwriting and Servicing (DUS®) model is the premier financing platform in the multifamily market. Delegation, risk-sharing, and life of loan servicing are the pillars that support our platform, and because of them we are able to make workforce rental housing possible in every market, every day.

DUS and Our DUS Lenders

We call DUS "The Loan We All Own" because it aligns the interests of lenders, borrowers, and investors. Our 24 DUS® lenders underwrite, close, and deliver loans on our behalf, and in exchange they typically retain one-third of the risk on every loan.

As the largest guarantor of mortgages in the U.S., we set the standards for the housing finance market through our underwriting guides, disclosure and asset management tools, data standards, and engagement with our lender partners.

Multifamily Insights

multifamily housing building

Multifamily Financing

We serve a wide spectrum of the market, including conventional, rent-restricted, cooperatives, seniors housing, student housing, small balance loans, and Manufactured Housing Communities.

More than 90 percent of the apartments we finance are “workforce housing”, and are affordable to families earning at or below 120 percent of the area median income (AMI) – the teachers, first responders, and service workers who are an essential part of their communities.

Affordable Housing and Green Financing

Financing affordable rental housing is at the heart of what we do. We are committed to affordable housing for the long-term and want to be a part of the preservation, rehabilitation, and new construction of quality rental housing across the United States.

We are leaders in the Green Financing business, which we pioneered by creating financing solutions that incorporate energy and water efficiency and energy-generation concepts into traditional mortgage lending.

Learn more about our products

News

Multifamily Wire

November 29, 2021

Our Rent Roll Digitizer® product has been in beta since July, and we are now ready to make it available to the entire DUS® network. For the time being, we are only planning to digitize the rent roll data on refis and new acquisitions for qualified borrowers.

November 18, 2021

2022 Scorecard The hottest news in Green these days is the inclusion of Green Financing in the 2022 FHFA Scorecard Appendix A.

November 9, 2021

After 26 years and a $50 billion book of business as of September 2021, our multifamily Structured Transactions products remain one of the most competitive portfolio management tools on the market, and it’s no surprise with the level of flexibility they offer.

View All Multifamily Wire

Market Commentary

June 16, 2022

According to the 2019 American Community Survey (ACS), higher-income households occupied 28% of the non-income-restricted and non-rent-restricted multifamily rentals that were affordable to lower income households (that is, households earning 60% of the area median income (AMI) for their location

May 19, 2022

The onset of the COVID-19 pandemic in 2020 disrupted and transformed many aspects of everyday life. One of the ramifications of the pandemic thus far has been the ongoing global supply chain crunch that has made the cost of construction materials skyrocket.

April 19, 2022

The small multifamily property sector is defined as those properties with between 5-50 units. It is a sector that has long been a focus for affordable housing because it is generally regarded as having more affordable units.

View all Market Commentary