Fannie MF Investments Hit $25.6B in '05

Fannie Mae's multifamily investments totaled $25.6 billion last year, making it the second-best year for the company on that score, Fannie has reported at the Mortgage Bankers Association's commercial real estate finance convention in Orlando, Fla.The government-sponsored enterprise said production of small loans (up to $5 million) increased to $5.2 billion, a 53% rise over that of 2004. Investments in multifamily affordable housing, including bond credit enhancements, stood at $3 billion. Other Fannie Mae funding highlights for 2005 include a record $1.8 billion in equity investments that qualify for the low-income housing tax credit, and $15.8 billion in delegated underwriting and servicing product. The GSE can be found online at http://www.fanniemae.com.