Commercial to residential conversions
The pandemic led to rising residential rents and falling office values, spurring interest in the conversion of office spaces into apartments. Research shows that these conversions often take the form of demolition and redevelopment, rather than adaptive reuse, and have limited potential to moderate rent growth.
Our updated Business Partner Code of Conduct
We've updated our Business Partner Code of Conduct to highlight our commitment to our mission.
Consumer Mortgage Understanding Study
We conducted a consumer survey that uncovered opportunities to close knowledge gaps in the mortgage process.
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 Green Bond Impact Report
Our Green Bond issuances support the retrofitting of U.S. rental housing stock to become more energy and water efficient
Our model. Your partnership. 10 million stories.
Together, we’ve reached an incredible milestone — financing over 10 million units. Explore these properties and be inspired 10 million times over
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.
Multifamily Wire
May 2, 2023
Today, we released our Q1 2023 financial results and filed our Form 10-Q for the quarter ended March 31, 2023 with the SEC. Click the button below to learn more.
March 21, 2023
In September of 2022, we launched the
March 8, 2023
Looking for a quick and easy way to convert your existing Structured Adjustable-Rate Mortgage (SARM) Loan to a fixed-rate product?
In the News
Market Commentary
April 23, 2024
Historically high home prices and rents, coupled with historically high vacancy rates in office buildings and other commercial property types, have ignited interest in whether the large-scale conversion of commercial properties to residential could help rebalance both markets.
February 23, 2024
We believe that the vacancy rate rose by an estimated 0.25% in 2023 to 6.0%, as of December 31, 2023, and that year-over-year rent growth slowed to just 0.8% nationwide.
January 18, 2024
Based on preliminary data, multifamily rental growth is estimated to have turned negative during the fourth quarter of 2023, after having been at more moderate levels earlier in the year.
