Fannie Mae has provided approximately $74 billion in financing to support the U.S. multifamily housing market in 2025, a year-over-year increase of 34 percent compared with $55 billion in 2024 and the company's largest annual multifamily volume since 2020. Through its network of Delegated Underwriting and Servicing (DUS) lender partners, Fannie Mae served the needs of borrowers, investors and renters.
It brings its total book of business to more than $500 billion.
Fannie Mae provided significant liquidity to key housing segments in 2025, including more than $8.3 billion in multifamily affordable housing (up 31 percent from 2024), $7.1 billion in structured transactions (up 8.6 percent), $5.9 billion in small loans (up 26 percent) and $1.9 billion in manufactured housing (up 49.4 percent). Approximately 40 percent of all deals in 2025 were executed under Fannie Mae's unique delegated underwriting model, which enables lenders to compete effectively and close deals quickl
