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Fannie Mae Multifamily Closes 2024 With More than $55 Billion in Volume

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Fannie Mae (FNMA) provided over $55 billion in multifamily financing during 2024, maintaining strong market support across various housing segments. Key achievements include: $6.3 billion in Multifamily Affordable Housing, $4.7 billion in Small Loans, $1.3 billion in Manufactured Housing, and $6.6 billion in Structured Transactions.

Notable highlights include a 101% year-over-year increase in Green Financing loan production, reaching $15.1 billion in 2024, up from $7.5 billion in 2023. Forward commitments grew significantly to $1.2 billion in 2024, compared to $326 million in 2023. The company has invested approximately $4 billion in Low-Income Housing Tax Credit (LIHTC) investments since 2018.

Walker & Dunlop led the top producers list with $7.04 billion in volume, followed by Berkadia Commercial Mortgage with $6.25 billion and CBRE Multifamily Capital with $6.17 billion.

Fannie Mae (FNMA) ha fornito oltre 55 miliardi di dollari in finanziamenti multifamiliari durante il 2024, mantenendo un forte supporto di mercato in vari segmenti abitativi. I risultati chiave includono: 6,3 miliardi di dollari in abitazioni multifamiliari a prezzi accessibili, 4,7 miliardi di dollari in piccoli prestiti, 1,3 miliardi di dollari in case prefabbricate e 6,6 miliardi di dollari in transazioni strutturate.

Tra i risultati notevoli, si segnala un aumento del 101% rispetto all'anno precedente nella produzione di prestiti di finanziamento verde, raggiungendo 15,1 miliardi di dollari nel 2024, rispetto ai 7,5 miliardi di dollari nel 2023. Gli impegni futuri sono cresciuti significativamente a 1,2 miliardi di dollari nel 2024, rispetto ai 326 milioni di dollari nel 2023. L'azienda ha investito circa 4 miliardi di dollari in investimenti nel Credito d'Imposta per Abitazioni a Basso Reddito (LIHTC) dal 2018.

Walker & Dunlop ha guidato la lista dei principali produttori con 7,04 miliardi di dollari di volume, seguita da Berkadia Commercial Mortgage con 6,25 miliardi di dollari e CBRE Multifamily Capital con 6,17 miliardi di dollari.

Fannie Mae (FNMA) proporcionó más de 55 mil millones de dólares en financiamiento multifamiliar durante 2024, manteniendo un sólido apoyo en el mercado a través de varios segmentos de vivienda. Los logros clave incluyen: 6,3 mil millones de dólares en vivienda multifamiliar asequible, 4,7 mil millones de dólares en préstamos pequeños, 1,3 mil millones de dólares en vivienda manufacturada y 6,6 mil millones de dólares en transacciones estructuradas.

Entre los resultados destacados, se observa un aumento del 101% en la producción de préstamos de financiamiento verde en comparación con el año anterior, alcanzando 15,1 mil millones de dólares en 2024, un aumento respecto a los 7,5 mil millones de dólares en 2023. Los compromisos futuros crecieron significativamente a 1,2 mil millones de dólares en 2024, en comparación con los 326 millones de dólares en 2023. La compañía ha invertido aproximadamente 4 mil millones de dólares en inversiones de Crédito Fiscal para Viviendas de Bajos Ingresos (LIHTC) desde 2018.

Walker & Dunlop encabezó la lista de los principales productores con 7,04 mil millones de dólares en volumen, seguido por Berkadia Commercial Mortgage con 6,25 mil millones de dólares y CBRE Multifamily Capital con 6,17 mil millones de dólares.

팬니 메이(FNMA)는 2024년 동안 550억 달러 이상의 다가구 금융을 제공하여 다양한 주택 부문에서 강력한 시장 지원을 유지했습니다. 주요 성과로는 63억 달러의 다가구 저소득 주택, 47억 달러의 소액 대출, 13억 달러의 조립식 주택 및 66억 달러의 구조화 거래가 있습니다.

특히 주목할 만한 점은 전년 대비 101% 증가한 녹색 금융 대출 생산으로, 2024년에는 151억 달러에 도달했으며, 이는 2023년의 75억 달러에서 증가한 수치입니다. 미래 약속이 2023년의 3억 26백만 달러에서 12억 달러로 크게 증가했습니다. 이 회사는 2018년 이후 약 40억 달러를 저소득 주택 세금 신용(LIHTC) 투자에 투자했습니다.

워커 & 던롭70억 4천만 달러의 거래량으로 주요 생산자 목록을 선도했으며, 그 뒤를 이어 베르카디아 상업 모기지CBRE 다가구 자본이 각각 62억 5천만 달러61억 7천만 달러로 뒤따랐습니다.

Fannie Mae (FNMA) a fourni plus de 55 milliards de dollars en financements multifamiliaux en 2024, maintenant un solide soutien du marché à travers divers segments de logement. Les réalisations clés incluent : 6,3 milliards de dollars pour le logement multifamilial abordable, 4,7 milliards de dollars pour les petits prêts, 1,3 milliard de dollars pour le logement manufacturé et 6,6 milliards de dollars pour les transactions structurées.

Parmi les points saillants, on note une augmentation de 101% d'une année sur l'autre dans la production de prêts de financement vert, atteignant 15,1 milliards de dollars en 2024, contre 7,5 milliards de dollars en 2023. Les engagements futurs ont considérablement augmenté pour atteindre 1,2 milliard de dollars en 2024, contre 326 millions de dollars en 2023. L'entreprise a investi environ 4 milliards de dollars dans des investissements de Crédit d'Impôt pour le Logement à Bas Revenu (LIHTC) depuis 2018.

Walker & Dunlop a dirigé la liste des principaux producteurs avec un volume de 7,04 milliards de dollars, suivi de Berkadia Commercial Mortgage avec 6,25 milliards de dollars et CBRE Multifamily Capital avec 6,17 milliards de dollars.

Fannie Mae (FNMA) hat im Jahr 2024 über 55 Milliarden Dollar in die Finanzierung von Mehrfamilienhäusern bereitgestellt und dabei eine starke Marktunterstützung in verschiedenen Wohnsegmenten aufrechterhalten. Zu den wichtigsten Erfolgen gehören: 6,3 Milliarden Dollar für bezahlbaren Wohnraum, 4,7 Milliarden Dollar in kleinen Krediten, 1,3 Milliarden Dollar in Fabrikwohnungen und 6,6 Milliarden Dollar in strukturierten Transaktionen.

Besonders hervorzuheben ist der 101%ige Anstieg im Jahr-zu-Jahr im Bereich der grünen Finanzierungen, der 2024 15,1 Milliarden Dollar erreichte, gegenüber 7,5 Milliarden Dollar im Jahr 2023. Die zukünftigen Verpflichtungen sind erheblich auf 1,2 Milliarden Dollar im Jahr 2024 gestiegen, im Vergleich zu 326 Millionen Dollar im Jahr 2023. Das Unternehmen hat seit 2018 etwa 4 Milliarden Dollar in Low-Income Housing Tax Credit (LIHTC)-Investitionen investiert.

Walker & Dunlop führte die Liste der Top-Produzenten mit einem Volumen von 7,04 Milliarden Dollar an, gefolgt von Berkadia Commercial Mortgage mit 6,25 Milliarden Dollar und CBRE Multifamily Capital mit 6,17 Milliarden Dollar.

Positive
  • 101% year-over-year growth in Green Financing loan production to $15.1 billion
  • 268% increase in forward commitments from $326M to $1.2B
  • $4 billion committed to LIHTC investments since 2018
  • Total financing volume exceeded $55 billion across multiple housing segments
Negative
  • None.

Company Provided Continued Stable Support for Affordable Rental Housing and Other Essential Multifamily Market Sectors

WASHINGTON, Jan. 22, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided more than $55 billion in financing to support the U.S. multifamily market in 2024, the company announced today. Through its network of Delegated Underwriting and Servicing (DUS®) lender partners, Fannie Mae continued to serve the needs of multifamily borrowers while expanding its suite of creative products and initiatives and strengthening its underwriting.

Fannie Mae provided significant liquidity across key housing segments in 2024, including more than $6.3 billion in Multifamily Affordable Housing, $4.7 billion in Small Loans, $1.3 billion in Manufactured Housing, and $6.6 billion in Structured Transactions. Notably, the company saw a 101% year-over-year gain in its Green Financing loan production, up from $7.5 billion in 2023 to $15.1 billion in 2024. Additionally, Fannie Mae committed $1.2 billion of total forward commitments in 2024 – up from $326 million in 2023 – enabling the development and rehabilitation of additional affordable housing supply by providing certainty and stability for lender, borrower, and builder pipelines.

The company also has committed approximately $4 billion in net equity to Low-Income Housing Tax Credit (LIHTC) investments since re-entering the LIHTC market in 2018. Through these investments, Fannie Mae has enabled the creation and preservation of tens of thousands of affordable rental housing units and invested in hundreds of properties in communities throughout the United States.

In 2024, Fannie Mae advanced its Sponsor-Dedicated Workforce (SDW) and Sponsor-Initiated Affordability (SIA) initiatives for multifamily borrowers, offering private-market financing mechanisms to create and preserve more workforce and affordable housing. Additionally, Fannie Mae enhanced its Expanded Housing Choice pilot initiative in 2024 to enable more multifamily borrowers to increase rental housing opportunities for Housing Choice Voucher holders across the country.

"With the continued support, commitment, and adaptability of our DUS lenders, Fannie Mae remained a leading and stable source of multifamily mortgage financing nationwide during another challenging year for the market," said Rob Levin, Senior Vice President and Multifamily Chief Customer Officer, Fannie Mae. "We are grateful to our partners for their feedback on how we can increase liquidity to best support the multifamily housing industry. Together, we finished the second half of 2024 strong, and we have carried that momentum into 2025 to unlock new opportunities for lenders, borrowers, and investors."

The following top 10 DUS Lenders produced the highest business volumes with Fannie Mae in 2024. Also listed below are the Top Lender rankings for highest volumes in 2024 for Multifamily Affordable Housing, Structured Transactions, Green Financing, Small Loans, Manufactured Housing Communities, Seniors Housing, and Student Housing.

Top 10 Producers in 2024

Volume ($Billion)

1.

Walker & Dunlop, LLC 

$7.04

2.

Berkadia Commercial Mortgage, LLC 

$6.25

3.

CBRE Multifamily Capital, Inc.

$6.17

4.

Newmark

$4.52

5.

JLL Real Estate Capital, LLC

$3.04

6.

Greystone Servicing Company, LLC  

$2.98

7.

Wells Fargo Multifamily Capital

$2.88

8.

Arbor Commercial Funding I, LLC

$2.68

9.

KeyBank National Association

$2.44

10.

PNC Real Estate

$2.20

Top 5 DUS Producers for Multifamily Affordable Housing in 20241

  1. Wells Fargo Bank, N.A.
  2. Walker & Dunlop, LLC
  3. CBRE Multifamily Capital, Inc.
  4. Berkadia Commercial Mortgage, LLC
  5. JLL Real Estate Capital, LLC

Top 5 DUS Producers for Structured Transactions in 2024

  1. KeyBank National Association
  2. Berkadia Commercial Mortgage, LLC
  3. Walker & Dunlop, LLC
  4. JLL Real Estate Capital, LLC
  5. CBRE Multifamily Capital, Inc.

Top 5 DUS Producers for Green Financing in 20242

  1. CBRE Multifamily Capital, Inc.
  2. Berkadia Commercial Mortgage, LLC
  3. Walker & Dunlop, LLC
  4. JLL Real Estate Capital, LLC
  5. Newmark

Top 5 DUS Producers for Small Loans in 20243

  1. Greystone Servicing Company, LLC
  2. Walker & Dunlop, LLC
  3. Berkadia Commercial Mortgage, LLC
  4. Arbor Commercial Funding I, LLC
  5. CBRE Multifamily Capital, Inc.

Top 5 DUS Producers for Manufactured Housing Communities in 2024

  1. PGIM Real Estate
  2. Bellwether Enterprise Real Estate Capital, LLC
  3. Wells Fargo Bank, N.A.
  4. Walker & Dunlop, LLC
  5. Lument Capital

Top 5 DUS Producers for Seniors Housing in 2024

  1. Berkadia Commercial Mortgage, LLC
  2. JLL Real Estate Capital, LLC
  3. Newmark
  4. M&T Realty Capital Corporation
  5. CBRE Multifamily Capital, Inc.

Top 5 DUS Producers for Student Housing in 2024

  1. Walker & Dunlop, LLC
  2. Bellwether Enterprise Real Estate Capital, LLC
  3. CBRE Multifamily Capital, Inc.
  4. KeyBank National Association
  5. Berkadia Commercial Mortgage, LLC

Listed below are 2024 production highlights for individual business categories, which are included in the total multifamily production number:

  • Multifamily Affordable Housing – $6.36 billion
  • Structured Transactions – $6.62 billion
  • Green Financing – $15.19 billion
  • Small Loans – $4.75 billion
  • Manufactured Housing Communities – $1.30 billion
  • Seniors Housing – $1.55 billion
  • Student Housing – $0.36 billion

1 Multifamily Affordable Housing Loans are defined as financing for rent-restricted properties and properties receiving other federal and state subsidies. Affordable housing acquisitions also include 20% at 80% AMI, Special Public Purpose Multifamily Affordable Housing (SPP MAH), and Sponsor-Initiated Affordability Multifamily Affordable Housing (SIA MAH).

2 Green Loans are defined as loans for properties with Green Building Certifications or loans that are projected to achieve specified reductions in the property's energy usage and water usage that sum to at least 30 percent, of which a minimum of 15 percent must be projected energy savings.

3 Small Loans are defined as loans of $9 million or less nationwide and loans for properties with 5 or more units nationwide.

*Due to rounding, amounts reported may not add up to overall totals.

About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
fanniemae.com | X (formerly Twitter) | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/news

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Fannie Mae Resource Center
1-800-2FANNIE (800-232-6643)

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SOURCE Fannie Mae

FAQ

What was Fannie Mae's (FNMA) total multifamily financing volume in 2024?

Fannie Mae provided more than $55 billion in financing to support the U.S. multifamily market in 2024.

How much did FNMA's Green Financing loan production grow in 2024?

Fannie Mae's Green Financing loan production increased by 101% year-over-year, from $7.5 billion in 2023 to $15.1 billion in 2024.

Who were the top 3 DUS lenders for Fannie Mae (FNMA) in 2024?

The top 3 DUS lenders were Walker & Dunlop ($7.04B), Berkadia Commercial Mortgage ($6.25B), and CBRE Multifamily Capital ($6.17B).

How much did Fannie Mae (FNMA) commit to Multifamily Affordable Housing in 2024?

Fannie Mae committed $6.36 billion to Multifamily Affordable Housing in 2024.

What was FNMA's forward commitment volume in 2024 compared to 2023?

Fannie Mae's forward commitments grew from $326 million in 2023 to $1.2 billion in 2024.

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