DUS Program Overview

September 9, 2022
Celebrating Over 30 Years of the Fannie Mae Delegated Underwriting & Servicing (DUS) Program


For over thirty years Fannie Mae has purchased multifamily loans through its DUS program, and over time has become the largest GSE provider of multifamily financing. This commentary examines Fannie Mae's DUS program, multifamily securities, and the benefits to investors.

Multifamily MDO (mortgage debt outstanding) from 1990 to 2021

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