DUS Lenders, Small Loans and Product Enhancements Fuel Fannie Mae's Investment of $20 Billion in Multifamily Housing During the First Half of 2008

28.07.08 - 21:04 ... source : Fannie Mae

... HALF MOON BAY, CA. -- Fannie Mae (FNM/NYSE) today announced that its DUS lenders delivered $18.2 billion of the company's total investment in multifamily rental housing, representing the strongest first-half ever for DUS lenders and an increase of 30 percent over mid-year 2007 production. Fannie Mae's investment in multifamily housing totaled $20 billion in the first half of 2008. Primary multifamily financing solutions include debt financing through lender partners and multifamily bond purchases. "It is fitting as we celebrate the 20th anniversary of the DUS program that the DUS lenders had record production for the first half of this year," said Phil Weber, SVP of Multifamily at Fannie Mae. "Fannie Mae thanks our DUS lender partners for making DUS the multifamily lending market leader." Fannie Mae's investments i ...» Next (HTML)