Multifamily Credit Risk Transfer
The Multifamily team uses an industry-leading framework to manage credit risk over the full loan lifecycle, from underwriting to maturity/disposition:
We set prudent underwriting standards and regularly reevaluate them to address credit tolerance relative to current market conditions.
We review credit decisions to confirm that credit risk is appropriately managed during loan underwriting, then monitor performance throughout the loan term.
Our loss mitigation teams aim to identify risks early and develop strategies to minimize potential losses.
1.12% of our multifamily book of business was seriously delinquent as of Q3 2020.
See Multifamily's industry-leading framework
Click here to view an overview of how Multifamily manages credit risk.
Click on the videos below to learn more about the segments of Fannie Mae's Multifamily business.
Multifamily's Industry Leading Credit Risk Management Framework
We mitigate the credit risk we hold by transferring a portion to reinsurers and investors.
Multifamily Explainer: Credit Risk Transfer Program
Our Multifamily Credit Risk Transfer executions complement the DUS model and attract private capital.
We can expand and contract to meet market demands thanks to our delegated model.
MCRT Resource Webinar
Get an in-depth look at resources for the Multifamily Credit Risk Transfer Program.
Multifamily's credit risk transfer vehicles
Delegated Underwriting and Servicing (DUS®)
Learn more about DUS, our flagship program that requires lenders to retain some of the credit risk of the loans they sell to us — ensuring a stake in each loan's performance.Learn more
Multifamily Connecticut Avenue Securities (MCAS™)
Learn more about our MCAS program, which leverages our existing credit risk transfer structure to reach a broader and more diverse investor base.Learn more