Fannie Touts Record MF Rental Financings

Fannie Mae reports that it has financed $27.2 billion in multifamily rental housing in the first half of 2007, a company record for six-month production."Fannie Mae's record performance in the first half of this year was fueled by strong deliveries by our DUS lenders and a substantial increase in our seniors business," said Phil Weber, senior vice president of Fannie Mae's multifamily division. The company reported at its DUS conference in Carlsbad, Calif., that Fannie Mae's delegated underwriting and servicing lenders delivered $14 billion of the company's total investment in multifamily housing. In addition to the total multifamily investment, Fannie Mae committed $620.5 million in equity investments that qualify for Low Income Housing Tax Credits. Fannie Mae can be found online at http://www.fanniemae.com.