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Fannie Mae maintained its position as the largest source for multifamily financing in 2012 after providing $33.8 billion to the sector.

Fannie Mae Finances $33.8B in Multifamily Loans in 2012

""Fannie Mae"":http://www.fanniemae.com/portal/index.html maintained its position as the largest source for multifamily financing in 2012 after providing $33.8 billion to the sector.

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The figure translates into 560,000 multifamily units and represents the third highest acquisition year in the company's history. Fannie Mae also announced its ""Delegated Underwriting and Servicing lenders"":https://www.fanniemae.com/multifamily/dus-lenders delivered 98 percent of the GSE's multifamily loan acquisitions for 2012. The top three DUS producers were Walker & Dunlop, LLC; Walker & Dunlop, LLC; and Beech Street Capital, LLC.

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""Private capital continued to return to the market, an important step to restoring a more normal lending environment,"" said Jeffery Hayward, SVP and head of the multifamily mortgage business at Fannie Mae. Having a balanced market with diverse sources of liquidity and credit means the whole market is healthy and everyone is doing their part.""

Meanwhile, the ""Mortgage Bankers Association"":http://www.mbaa.org/default.htm (MBA) reported commercial and multifamily lending volume increased by 49 percent on a quarterly and yearly basis in Q4 2012. Among the property types, hotels saw the biggest surge from Q4 2011, spiking 331 percent, while office properties rose by 78 percent and multifamily properties by 49 percent.

For the full year in 2012, commercial and multifamily mortgage originations grew by 24 percent compared to 2011, and multifamily properties increased 36 percent during the same time period.

MBA projects further growth for commercial and multifamily lending and expects the industry to reach $254 billion in 2013, an 11 percent increase from 2012 volumes, and for 2015 to rise to $289 billion. For multifamily mortgages, originations are forecast at $100 billion in 2013.

About Author: Esther Cho

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