Fannie Mae Invested Over $35B in MF Financing in ’08, Red Mortgage Capital Was Top Lender

By Anuradha Kher, Online News EditorWashington, D.C.–Fannie Mae invested a total of $35.5 billion in multifamily housing in 2008. Red Mortgage Capital, Citibank and Sovereign Bank, FSB produced the greatest volumes in flow (all loans including Delegated Underwriting and Servicing), seasoned pools and structured transactions, contributing over $9 billion dollars collectively. Fannie Mae also announced the top originators of its DUS multifamily debt financing product, which is the company’s primary multifamily lending platform for the past 20 years. Fannie Mae DUS lenders were responsible for over 90 percent of the Fannie Mae multifamily debt business in 2008.“Fannie Mae and its DUS lenders made a record level of multifamily investment in 2008,” says Phil Weber, senior vice president of multifamily at Fannie Mae. “Fannie Mae’s DUS lenders continue to provide market leadership and important liquidity and stability to the multifamily market.”The following eleven DUS lenders produced the highest volume through the DUS platform in 2008, each providing at least $1 billion in volume to Fannie Mae.     Red Mortgage Capital Inc.; 
    Prudential Multifamily Mortgage Inc.; 
    Deutsche Bank Berkshire Mortgage; 
    Wachovia Multifamily Capital Inc.; 
    Wells Fargo Bank N.A.; 
    PNC ARCS LLC; 
    Grandbridge Real Estate Capital LLC; 
    Capmark Finance Inc.; 
    Arbor Commercial Funding LLC; 
    Greenpark Financial Limited Partnership; and 
    Greystone Servicing Corporation Inc.