3055949
All About FM and MF
- Multifamily = finance rental housing
- How? purchase loans from a network of lenders, then securitize loans with 5 or more units
- funding goes to metro/urban areas, and smaller communities
- finance properties that hold renters in student, single professionals, families, and senior citizen housing
- finance properties that hold renters in student, single professionals, families, and senior citizen housing
- funding goes to metro/urban areas, and smaller communities
- open to help in good and bad times; operate like accordion; expand when funding sources dry up
- Support AH = main focus of business; almost every loan supports AH; roughly 90 percent of loans /yr support low & moderate income households who earn at or below median income
- keep financing affordable; helps aging properties; props in need of improvements and smaller communities
- We PROTECT Taxpayers from Risk
- How? we securitize loans instead of hold them in our portfolio; we structure K-deals mortgage securities to place private capital in first loss position -- removes credit risk from business and taxpayers.
- K-Deal = has senior bonds (we guarantee) & subordinate bonds (we don't) -- backed by same loans; S bonds are held by private investors; bears initial loss; creates shock absorber for senior bonds
- K-Deal = has senior bonds (we guarantee) & subordinate bonds (we don't) -- backed by same loans; S bonds are held by private investors; bears initial loss; creates shock absorber for senior bonds
- How? we securitize loans instead of hold them in our portfolio; we structure K-deals mortgage securities to place private capital in first loss position -- removes credit risk from business and taxpayers.
- We PROTECT Taxpayers from Risk
- keep financing affordable; helps aging properties; props in need of improvements and smaller communities
- Support AH = main focus of business; almost every loan supports AH; roughly 90 percent of loans /yr support low & moderate income households who earn at or below median income
- This Year - $10 billion in funding
- 49% - share o MF mortgage purchase in GSE market
- 0 credit loses and no REO properties
- 140,000 apartment units financed this year
- 140,000 apartment units financed this year
- 0 credit loses and no REO properties
- 49% - share o MF mortgage purchase in GSE market
- How? purchase loans from a network of lenders, then securitize loans with 5 or more units
- Purpose: funding, stability, and affordability to country's housing market; keeps money flowing to mortgage lenders; chartered 1970
- How? purchase loans from lenders to help them build their supply of funds to make more loans to borrowers
- conservatorship = 2008, help restore confidence
- conservatorship = 2008, help restore confidence
- How? purchase loans from lenders to help them build their supply of funds to make more loans to borrowers
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