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.
Fannie Mae multifamily MBS issuance surpasses 2010 levels
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects