Defense and Compliance Attorneys
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“Our acquisition volumes in the quarter reflect our continued commitment to providing consistent and reliable liquidity to the mortgage market,” Jake Williamson, acting head of single-family, said.
“The entire Single-Family team at Fannie Mae remains focused on unlocking value for our lender partners by making the mortgage process seamless and more efficient, enabled by our industry-leading Desktop Underwriter platform.”
On the multifamily side, acquisition volume increased to $18.7 billion, and the book of business grew to $521.3 billion. The average charged guaranty fee on the multifamily book decreased slightly to 72.4 basis points.
The multifamily serious delinquency rate rose to 0.68%, reflecting ongoing stress in parts of the rental market.
Kelly Follain, head of multifamily, said, “We remain focused on flexibly and safely meeting the needs of our multifamily lenders, investors, and borrowers as their partner of choice to help meet the demand for affordable rental housing in the United States.”
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