In a recent poll, 46% of American adults said they would prefer to live in a community with access to better schools and/or childcare, but cannot afford to do so; while 58% say communities with better job opportunities are too expensive for them to live in.
Fannie Mae® (FNMA/OTCQB) is proud to announce that it received the 2019 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA). An ENERGY STAR partner since 2011, Fannie Mae Multifamily received the ENERGY STAR Award for its outstanding contributions to increasing the adoption of energy-efficiency improvements in multifamily housing.
Fannie Mae (FNMA/OTCQB), the largest provider of liquidity to the U.S. housing market, today announced that it has appointed Hugh R. Frater as Chief Executive Officer effective March 26. As CEO, Frater will set the overall enterprise vision and strategic direction of the company. In addition to his role as CEO, Frater remains on the Board of Directors. Frater previously served as Interim CEO.
Fannie Mae (FNMA/OTCQB) announced that it has completed a multi-tranche Credit Insurance Risk Transfer™ (CIRT™ ) transaction covering a pool of approximately $11.7 billion of existing multifamily loans in the company's portfolio. This new transaction, MCIRT 2019-01, is the fifth CIRT transaction as part of Fannie Mae's ongoing effort to increase the role of private capital in the multifamily mortgage market and mitigate risk for U.S. taxpayers.
Fannie Mae is trying to take the lead on making U.S. homes more energy efficient. The government-controlled mortgage giant is now the largest issuer of green bonds in the world. Fannie Mae Vice President, Chrissa Pagitsas, joins Adam Shapiro and Julie Hyman with details.
The government-controlled mortgage giant recently published the first results from an eight-year-old program that encourages landlords to make energy improvements, for the sake of both the planet and renters’ finances. On average, renters saved about $145 per year. Across 200,000 buildings, landlords saved $33 million on utility costs.
Fannie Mae’s efforts towards making housing more sustainable and affordable has paid off, as reduced water and energy consumption were projected to cut 10% from annual utility expenses, according to Fannie’s new Multifamily Green Bond Impact Report.
Fannie Mae (FNMA/OTCQB) today published its first Multifamily Green Bond Impact Report providing metrics on the projected financial, social, and environmental benefits from Fannie Mae Green Bonds for U.S. housing. From 2012 through year-end 2018, Fannie Mae issued $51.7 billion in Green mortgage backed securities and $6.1 billion in Green structured securities, making it the largest green bond issuer in the world in 2017 and 2018.
The M2 introduced a new GeMS structure to the market with the creation of the A3 tranche,” said Dan Dresser, Vice President, Multifamily Capital Markets, Trading & Credit Pricing. “This structure demonstrates the flexibility of the GeMS program to respond to reverse inquiry, while also keeping the program's workhorse product – the A2 – available to investors.
Fannie Mae (FNMA/OTCQB) announced today that it will increase the loan limit of small mortgage loans to $6 million from $3 million or less nationwide and $5 million or less in high-cost markets. The increase bolsters Fannie Mae’s ongoing efforts to ensure an adequate supply of affordable housing for working families.
Fannie Mae (FNMA/OTCQB) provided more than $65 billion in financing to support the multifamily market in 2018 with its Delegated Underwriting and Servicing (DUS®) program. Fannie Mae continued to serve as a key source of liquidity by attracting a diverse investor base to purchase our DUS Mortgage-Backed Securities (MBS), while building a profitable and sustainable book of business.