Fannie Mae (FNMA/OTCQB) provided more than $70 billion in financing to support multi-family market in 2019, the highest volume in the history of its Delegated Underwriting and Servicing (DUS®).
We, Fidelity Bancorp Funding is proud to be a part of the success of Arbor Commercial Funding, LLC loan volume of $3.3 Billion TOP#10 Producers in 2019!
Attending the annual Arbor Chairman’s Event (ACE) at the Little Nell, Aspen, CO 2020, thank you for Fidelity Bancorp Funding partnership and we all are looking forward to growing out business together in 2020.
Fannie Mae broadened the sources of liquidity available to the market in 2019 with its Multifamily Credit Risk Transfer (MCRT) program, which mitigates credit risk by transferring a portion of its risk to re insurers and investors and increasing the role of private capital in the multifamily market.
“We want to thank our DUS lender partners for an outstanding 2019. Together, we supported all market segments and built a portfolio of mission-rich business,” said Rob Levin, Senior Vice President for Multifamily Customer Engagement, Fannie Mae. “Our Multifamily Affordable Housing volume rose over 20 percent to $7.2 billion, demonstrating our firm commitment to the preservation of affordable housing for families across the country.”