Strong quarterly loan growth was driven by high origination volume of multifamily loans
, as well as unusually low prepayments during the first quarter.
In his new role, Stevens will focus on closing Fannie Mae and Freddie Mac small balance multifamily loans
The firm's selection for the TAH Express offering follows a prolific first quarter, with Sabal closing nearly $300 million in small balance multifamily loans
under the Freddie Mac SBL offering.
He will be focused primarily on originating and closing Affordable and FHA multifamily loans
nationwide, but will also serve clients using Hunt Mortgage Group's balance sheet products and agency executions.
has announced that it finished 2017 as the largest Fannie Mae DUS Lender by volume of multifamily loans
* Securitized $35.6 billion of multifamily loans
into K-Deal securities, bringing the total since 2009 to $128.4 billion, and backing $109.8 billion in guaranteed certificates and nearly $18.6 billion in unguaranteed certificates;
Through May, Fannie Mae's multifamily lending business totaled just $6 billion--less than half the $13.6 billion in multifamily loans
that Fannie Mae closed and sold to bond investors from January through May a year ago.
The federal government provides these business owners favorable financing by offering federal guarantees on multifamily loans
: in 2011, such a guarantee was provided for 73 percent of all new multifamily loans
According to a senior underwriter at Terrace Capital, the Fannie Mae program generally provides the most advantageous rates for non-recourse, multifamily loans
though there are multiple markets in the US where Fannie Mae and Freddie Mac are unwilling to lend at a 75% LTV.
The delinquency rate for commercial and multifamily mortgages held in life insurance company portfolios was 7.23 percentage points lower than the series high of 7.37 percent, reached during the fourth quarter of 1993; the rate for multifamily loans
held by Fannie Mae was 2.98 percentage points lower than the series high of 3.62 percent, reached during the fourth quarter of 1991; and the rate for multifamily loans
held by Freddie Mac was 6.45 percentage points lower than the series high, 6.81 percent, reached in 1992.
During the same period, the 60+ day delinquency rate on multifamily loans
held or insured by Fannie Mae and Freddie Mac held at 0.71 percent and 0.31 percent, respectively.