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
January 13, 2022
Today, we announced our 2021 production volume of nearly $70 billion along with a record $9.6 billion of production in Multifamily Affordable Housing.
January 3, 2022
I love the beginning of the year when everything and anything seems possible. Of course, as we’ve all learned over nearly two years of the pandemic, sometimes “anything” can really come out of left field and change the whole game.
December 14, 2021
As we look back on 2021, I want to celebrate our accomplishments together and thank you for your partnership. 2021 has been another strong year.
In the News
Market Commentary
September 21, 2022
Manufactured housing pre-fabricated in factories remains a source of unsubsidized affordable housing, with an estimated 6.8 million units housing those who either own or rent a unit, according to data from the 2019 American Community Survey (ACS).
August 22, 2022
Starts for new multifamily rental and condominium construction have continued at historically high levels in 2022, though the levels of the first half of the year are down modestly from the record levels achieved in mid2021, according to the Dodge Data & Analytics Supply Track constructi
July 20, 2022
The multifamily sector experienced strong demand during the first half of 2022, resulting from a combination of favorable demographics, continued job growth, rising wages, and increased renter household formations.
