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Multifamily Capital Markets

Mortgage-Backed Securities (MBS)

Our Multifamily MBS is like no other security in the marketplace. 

Investors trust our unique risk-sharing model, creating demand that translates into certainty of execution for multifamily borrowers.

Our Delegated Underwriting and Servicing (DUS®) model is the only model that aligns lenders’ and Fannie Mae’s interests. Risk-sharing means we don’t need to sell B-piece or mezzanine bonds. Investors know that lenders believe in the credit-quality of their production because they retain a portion of the risk.

Reasons investors value our Multifamily MBS and Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program:

  • Stable cash flows
  • High credit quality
  • Liquidity
  • Prepayment protection

We’ve traded our Multifamily MBS for more than 20 years, and that track record matters. Only our Multifamily MBS have weathered three decades’ worth of market cycles and periods of disruption — and are still thriving. 

More information about our Multifamily MBS is available on our Capital Markets page and on the DUS Disclose website.

Market Intelligence

Metro Market Outlooks

Dive deep into what’s happening in markets across the US and how local economic changes impact your multifamily business.

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Multifamily MBS

Multifamily Credit Risk Transfer

Fannie Mae partners with private sources of capital to transfer mortgage credit risk, develop broad and liquid markets, and reduce taxpayer risk.

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