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PNC Tops Fannie Mae’s List of 2009 Multifamily Originators

""Fannie Mae"":http://www.fanniemae.com has released the names of its top loan originators of multifamily debt financing for 2009. Pittsburgh-based ""PNC Financial Services"":http://www.pnc.com sat at the top of the list.
[IMAGE] The GSE works with its lender partners to provide debt solutions for all segments of the multifamily market, including small and large multifamily loans, seasoned pool purchases, and structured transactions.

Fannie Mae recently announced that it invested $19.8 billion in multifamily housing last year. Lenders utilizing Fannie Mae's Delegated and Underwriting and Servicing (DUS) platform were responsible for over 90 percent of the GSE's multifamily debt business in 2009.


The following 10 DUS lenders produced the highest volume by contributing at least $700 million each through the DUS platform in 2009 and are listed in descending order:

# PNC Financial Services Group Inc.
# Deutsche Bank Berkshire Mortgage
# Prudential Multifamily Mortgage, Inc.
# Wells Fargo Bank N.A.
# Walker & Dunlop, LLC
# Greystone Servicing Corporation, Inc
# Grandbridge Real Estate Capital LLC
# Arbor Commercial Funding LLC
# AmeriSphere Multifamily Finance, LLC
# CB Richard Ellis, Inc.

""The DUS lenders remain committed to providing liquidity and stability to the multifamily market during these challenging times and continue to demonstrate market leadership in producing solid results in 2009,"" said Ken Bacon, EVP of Fannie Mae's housing and community development division.

The GSE has said it expects fundamentals of the multifamily market to remain under pressure in 2010. As the U.S. economy recovers and excess housing supply begins to decline, Fannie Mae says its multifamily unit will remain focused on providing liquidity and will continue to work with its servicers to ensure properties are maintained as safe, affordable housing.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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