Fannie Mae celebrates the 25th anniversary of its Delegated Underwriting and Servicing program (DUS), which provides financing to the multifamily housing market.

Since the program was rolled out in April 1988, Fannie Mae and its lending partners have provided more than $270 billion in liquidity to the mortgage market under the DUS program to finance more than 5.8 million units of multifamily housing, the GSE stated.

“The strength of the DUS model is shared risk,” said Jeffery Hayward, senior vice president, head of the multifamily mortgage business, Fannie Mae. 

“For 25 years, our flagship DUS platform has been successful because it relies on ‘skin in the game’ – lenders retain some of the underlying credit risk of the loans they sell to Fannie Mae, so both parties have a stake in each loan’s performance.”