The government-sponsored enterprises (GSEs) saw 2014 multifamily closeout volumes of $28.9 billion and $28.3 billion respectively, some of their largest numbers to date.
The fourth quarter once again proved to be an incredibly busy time--in fact, the GSEs saw record volumes to close out the year.
In 2014, Fannie Mae financed 446,000 units, while Freddie Mac followed with 427,000 newly financed rental units for the year.
The MBA Quarterly Survey showed that the dollar volume of loans for multifamily properties in 2014 was up by 39%, resulting in an increase in lending volume of 11% overall in comparison to the fourth quarter of 2013.
“We grew our business by 9% last year and couldn’t have done it without the commitment of these lenders who are among the industry’s best,” says John Cannon, senior vice president of Freddie Mac Multifamily Production and Sales, in a news release. “Every loan we purchase from them is like scoring a touchdown, and we financed about 1,800 properties last year.”
Fannie Mae Top 10 DUS Lenders in 2014:
10. Greystone Servicing Corporation, Inc.
Freddie Mac Top Program Plus Sellers by Volume
5. KeyBank Real Estate Capital (tie), $1.8 Billion