Last year, both Multifamily Affordable Housing (MAH) and Structured Transactions reached some incredible milestones – $7.8 billion and $11.6 billion in production respectively. Behind the numbers lie steadfast partnership, the agility and stability of the DUS® model, and creative financing solutions built for your customers.
Better, faster, smarter. Delivering on digital transformation is a priority in 2021. Our internal and external processes and systems have undergone significant improvements in recent years, and we don’t plan on slowing down. Loan reporting is an area of opportunity – and an area where we intend to lead the industry toward important changes.
The challenges of the COVID-19 pandemic are extensive, but the impact on older people has been devastating. Our owners and operators continue to be resilient in the ways they care for aging residents, administer vaccines, and adapt to the ongoing effects of the pandemic.
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.
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.
On November 17, 2020, FHFA released new multifamily volume caps for 2021. Each Enterprise will have $70 billion across four quarters – a change from the five-quarter period covered by the previous cap.
As we head into fall and Q4, there are several exciting things happening in the technology space that I want to share with you. But first, let me say that I’m excited to take on the role of interim Multifamily COO. I’ve had the opportunity to work with many of you on our digital transformation over recent years, but as interim COO, I’ll now be working with you in new ways, and I look forward to the partnership.
It’s hard to believe that we’re two-thirds of the way through the year. It’s been a year of constant challenges, making milestones feel extra important. At Fannie Mae, we’re looking back on what we’ve accomplished thus far with the help of your partnership.