The annual issuance of mortgage-backed securities backed by apartment loans and guaranteed by the Federal National Mortgage Association shot up 45 percent last year.
Fourth-quarter issuance of Fannie Mae multifamily mortgage-backed securities was $7.2 billion, the company reported Tuesday.
It was the biggest quarter since Fannie brought the multifamily program back to life in 2009.
Apartment loan securitizations climbed from $5.4 billion reported for the third quarter.
Fannie said full-year 2011 multifamily issuance was $23.8 billion.
During all of 2010, the Washington, D.C.-based company saw $16.4 billion in multifamily volume.
“Tradable float, the volume of securities available to investors, has increased significantly over the past few years,” Kimberly Johnson, a multifamily executive at the firm, said in the statement. “Fannie Mae’s multifamily MBS outstanding has grown to over $100 billion.
“As volumes increase and liquidity rises, we expect market participants will focus on agency multifamily securities in the coming year.”
The secondary lender said that it also re-securitized $6.0 billion of DUS MBS through its Fannie Mae Guaranteed Multifamily Structures last year.
Multifamily delinquency of at least 60 days at the government-controlled enterprise was previously reported at 0.60 percent for November, better than 0.72 percent a year earlier.
