FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae multifamily MBS issuance surpasses 2010 levels

/ Print / Reprints /
| Share More
/ Text Size+
Fannie Mae, the largest provider of multifamily mortgage financing, issued $16.7 billion in multifamily mortgage-backed securities in the first nine months of 2011, bypassing total issuance for 2010. To date, the government-sponsored enterprise is on pace to issue $20 billion multifamily MBS by year-end. The GSE provides liquidity to the markets by securitizing multifamily loans creating cash flow through investors. In the first nine months of 2011, Fannie re-securitized $4.1 billion of delegated underwriting and servicing MBS. "Given the volatile market environment, agency CMBS is thriving. Fannie Mae’s total activity, including MBS issuance, GeMS issuance and portfolio sales was the highest of any quarter this year. Over the past two years, we have seen a significant increase in securities available for trading. Our multifamily MBS outstanding now exceeds $90 billion," said Kimberly Johnson, vice president of multifamily capital markets. In just the third quarter of 2011, new multifamily MBS business volumes at Fannie grew to $6.4 billion. Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus