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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.

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News

Multifamily Wire

January 4, 2021

Before I say anything else, thank you. Thank you for being so warm and welcoming to me when I stepped into my new role as head of the business. Thank you for your commitment to bringing us sound, quality affordable business.

December 2, 2020

With November in the rearview mirror, we’re approaching the end of a road that’s been full of unexpected turns. The last few months have certainly qualified as “pedal to the metal.” I hope you were able to slow down and relax over the Thanksgiving break.

November 24, 2020

I hope all of you and your families are well as we continue this year of complex and unexpected challenges. The response to each has been swift and sure – I am so impressed with how everyone across the DUS® network continues to rise to the occasion and serve our customers.

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Market Commentary

June 10, 2020

Much like the rest of the world, the student housing sector has been greatly impacted by the ongoing COVID-19 outbreak. Before many of the stay-at-home orders were issued around the country, many colleges and universities had begun to close their doors to students.

May 21, 2020

As the housing affordability crisis has deepened, manufactured housing is garnering more interest as an important source of affordable housing, particularly among rural and low-income households.

February 18, 2020

Over the past few years, deliveries of new multifamily supply have consisted primarily of more expensive Class A units, leading to a growing mismatch between the needs of many working renter households and the stock of apartments available to rent.

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