We're off to a fantastic 2015 and we couldn't be prouder of our accomplishments thus far! Thanks to our partnership with you, in February we posted $3.7 billion in new business volume with a year-to-date total of $6.9 billion. These numbers are impressive compared to last year's $2.4 billion for the same two-month time period.
In these same two months, we've also rolled out a host of new solutions to better serve you:
- Streamlined Rate Lock helps borrowers lock their entire rate, not just the Treasury index or spread;
- Improved execution on flexible prepayment structures for 10- and 7-year fixed-rate securities by reducing spreads on 10/7-1% and 7/5-1% structures. With our single-asset MBS, we offer customized terms and prepayment periods;
- Green Financing Solutions with new pricing breaks and higher loan proceeds for smart property investments and upgrades; and,
- Near-Stabilization Lease-up Execution that's perfect for properties expected to stabilize within 120 days after rate lock.
We're working harder than ever to make this our best year yet! Our Lender delegation model separates us from all other capital sources in the marketplace and ensures speed of execution. Our focus on innovative solutions and our dedicated and experienced Multifamily teams help us maintain our status as the leading source of financing and securitization for quality rental housing in the United States. With your partnership, we will continue to effectively balance risk and return - in every market, for every income level, every day. We're energized and committed to working with you to create an even stronger and more successful partnership in 2015.
Please see the February New Monthly Business Volume report for more information about our volumes.