Contact: Amy Bonitatibus
202-752-4144

Number: 4664

Date: April 3, 2009

WASHINGTON, DC - Fannie Mae (FNM/NYSE) today announced the top originators of its Delegated Underwriting and Servicing (DUS®) multifamily debt financing product, as well as its top producers of overall multifamily business for 2008. This follows a recent announcement of the company’s investment of $35.5 billion in multifamily housing for the same year. Fannie Mae provides, through its lender partners, multifamily debt solutions through small and large multifamily loans, seasoned pool purchases and structured transactions.

"Fannie Mae and its DUS lenders made a record level of multifamily investment in 2008. Fannie Mae's DUS lenders continue to provide market leadership and important liquidity and stability to the multifamily market," said Phil Weber, senior vice president of Multifamily at Fannie Mae.

Fannie Mae’s DUS program has been the company’s primary multifamily lending platform for twenty years. Fannie Mae DUS lenders were responsible for over 90% of the Fannie Mae multifamily debt business in 2008. As was previously announced, Fannie Mae’s DUS lenders and affiliates delivered $33.3 billion of the company’s total investment in multifamily housing in 2008. The following eleven DUS lenders produced the highest volume through the DUS platform in 2008, each providing at least $1 billion in volume to Fannie Mae. The following lenders are listed in descending order:

1 - Red Mortgage Capital, Inc.;
2 - Prudential Multifamily Mortgage Inc.;
3 - DB Mortgage Services, LLC;
4 - Wachovia Multifamily Capital, Inc.;
5 - Wells Fargo Bank N.A.;
6 - PNC ARCS LLC;
7 - Grandbridge Real Estate Capital LLC;

Fannie Mae Announces it Top Originators
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8 - Capmark Finance Inc.;
9 - Arbor Commercial Funding LLC;
10 - Greenpark Financial Limited Partnership; and
Greystone Servicing Corporation Inc.

Of the company’s 2008 total investment of $35.5 billion in multifamily housing, the following three lenders produced the greatest volumes in flow (all loans including DUS), seasoned pools and structured transactions contributing over $9 billion dollars collectively:

1 - Red Mortgage Capital, Inc.;
2 - Citibank, N.A.; and
3 - Sovereign Bank, FSB

Nearly 90% of the units financed by these and other Fannie Mae DUS lenders are affordable to families at or below the median income of their communities.