Zions to acquire Fannie Mae, Freddie Mac business from Basis Investment Group

Zions Bancorporation has entered into a definitive agreement to acquire Basis Investment Group’s Fannie Mae and Freddie Mac agency lending business, including its team and servicing rights.

Key deal details

• Zions is buying the agency lending business of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group.

• The acquisition includes Basis’ experienced production/underwriting team, access to Fannie Mae DUS and Freddie Mac Optigo (Conventional and Small Balance) programs, and all related mortgage servicing rights.

• Zions and Basis are also entering into a strategic partnership aimed at expanding both firms’ real estate financing and capital formation activities.

• Financial terms were not disclosed; the transaction is subject to customary closing conditions and third‑party approvals, including Fannie Mae and Freddie Mac.

Strategic implications

• For Zions, the deal moves it directly into the agency multifamily space, broadening its commercial real estate product set and capital markets capabilities, especially in its Western U.S. footprint where multifamily demand is strong.

• For Basis, the sale monetizes its Fannie/Freddie platform while preserving a forward-looking relationship via the strategic partnership.

• Zions highlighted the move as a “natural, customer‑driven evolution” of its capital markets strategy and a growth engine tied to housing availability and affordability.

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