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:
Underwriting Management
We set prudent underwriting standards and regularly reevaluate them to address credit tolerance relative to current market conditions.
Performance Management
We review credit decisions to confirm that credit risk is appropriately managed during loan underwriting, then monitor performance throughout the loan term.
Mitigation Strategies
Our loss mitigation teams aim to identify risks early and develop strategies to minimize potential losses.
0.46% of our multifamily book of business was seriously delinquent as of Q4 2023.
See Multifamily's industry-leading framework
Click here to view an overview of how Multifamily manages credit risk.
Educational Videos
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.
DUS® Explainer
We can expand and contract to meet market demands thanks to our delegated model.
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 moreMultifamily Credit Insurance Risk Transfer (MCIRT™)
Learn more about our MCIRT program, designed to complement our DUS program and transfer risk to reinsurers.
Learn moreMultifamily 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