{"id":4740,"date":"2025-05-30T01:05:13","date_gmt":"2025-05-30T01:05:13","guid":{"rendered":"https:\/\/cred-iq.com\/blog\/?p=4740"},"modified":"2025-05-30T01:05:46","modified_gmt":"2025-05-30T01:05:46","slug":"cred-iq-mid-year-review-fannie-maes-top-originators-and-markets-in-2025","status":"publish","type":"post","link":"https:\/\/cred-iq.com\/blog\/2025\/05\/30\/cred-iq-mid-year-review-fannie-maes-top-originators-and-markets-in-2025\/","title":{"rendered":"CRED iQ Mid-Year Review: Fannie Mae\u2019s Top Originators and Markets in 2025"},"content":{"rendered":"\n<p>As part of CRED iQ\u2019s ongoing Top Originators Series, our research team has turned its focus to the Fannie Mae sector and the multifamily market for a comprehensive mid-year review. With discussions around a potential Fannie Mae public offering gaining momentum, the agency lending ecosystem is under the spotlight. Our analysis dives into the top originators, key metropolitan statistical areas (MSAs), and standout deals shaping the Fannie Mae landscape in 2025. Here\u2019s what our data reveals.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-round\"><a class=\"wp-block-button__link has-midnight-gradient-background has-background wp-element-button\" href=\"https:\/\/pages.cred-iq.com\/trialrequest\">Access Loan Data<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Top Fannie Mae Originators by Loan Balance<\/strong><\/p>\n\n\n\n<p>Leading the pack, <strong>Walker &amp; Dunlop<\/strong> solidified its position as the top Fannie Mae underwriter, originating 83 loans with a total balance of <strong>$1.7 billion<\/strong> year-to-date (YTD). <strong>CBRE Multifamily Capital, Inc.<\/strong> secured second place with 52 loans amounting to <strong>$1.4 billion<\/strong>, followed closely by <strong>Berkadia Commercial Mortgage<\/strong> in third with 54 loans totaling <strong>$1.2 billion<\/strong>. Rounding out the top five, <strong>Newmark<\/strong> and <strong>JLL Real Estate Capital<\/strong> contributed <strong>$806 million<\/strong> and <strong>$759 million<\/strong> in new Fannie Mae loan balances, respectively. These figures underscore the competitive strength of these players in the multifamily financing space.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"1001\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-8.png\" alt=\"\" class=\"wp-image-4742\" style=\"width:808px;height:auto\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-8.png 975w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-8-292x300.png 292w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-8-768x788.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-8-696x715.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-8-409x420.png 409w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-8-356x364.png 356w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n\n\n\n<p><strong>Top MSAs by Property Count and Loan Volume<\/strong><\/p>\n\n\n\n<p>Our analysis ranks MSAs by property count to highlight activity in key markets, with loan balances providing additional context.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dallas<\/strong> emerged as the top MSA, leading with <strong>95 properties<\/strong> and <strong>$452 million<\/strong> in new loan balances. Its high property count reflects robust multifamily activity in the region.<\/li>\n\n\n\n<li><strong>Los Angeles<\/strong> secured second place with <strong>55 properties<\/strong> and <strong>$606 million<\/strong> in loan balances, demonstrating consistent strength in both metrics.<\/li>\n\n\n\n<li><strong>Chicago<\/strong> followed in third, with <strong>48 properties<\/strong> and <strong>$482 million<\/strong> in loan volume, reinforcing its position as a Midwest multifamily hub.<\/li>\n\n\n\n<li><strong>New York City metro<\/strong>, with <strong>46 properties<\/strong>, ranked fourth in property count but led in loan balances at <strong>$707 million<\/strong>, highlighting the high-value nature of its deals.<\/li>\n\n\n\n<li><strong>Madera, CA<\/strong>, rounded out the top five with <strong>31 properties<\/strong>, though its loan balances were relatively modest compared to larger markets.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"812\" height=\"1024\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-9-812x1024.png\" alt=\"\" class=\"wp-image-4743\" style=\"width:818px;height:auto\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-9-812x1024.png 812w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-9-238x300.png 238w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-9-768x968.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-9-696x877.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-9-333x420.png 333w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/05\/image-9.png 975w\" sizes=\"auto, (max-width: 812px) 100vw, 812px\" \/><\/figure>\n\n\n\n<p>This data showcases the geographic diversity of Fannie Mae\u2019s multifamily lending, with major urban centers driving both property volume and loan dollars.<\/p>\n\n\n\n<p><strong>Notable Fannie Mae Originations<\/strong><\/p>\n\n\n\n<p>Several high-profile multifamily deals stood out in our review:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Altitude Apartments (Boston MSA)<\/strong>: This 919-unit complex secured a <strong>$189 million<\/strong>, five-year, interest-only loan with a <strong>5.34% interest rate<\/strong>. Valued at <strong>$292 million<\/strong> in February 2025, this property highlights Boston\u2019s appeal for large-scale multifamily investments.<\/li>\n\n\n\n<li><strong>Promenade 9 (Los Angeles MSA)<\/strong>: A newly constructed 330-unit property, Promenade 9 is backed by a <strong>$114 million<\/strong>, 10-year, interest-only loan at a <strong>5.55% interest rate<\/strong>. Valued at <strong>$176 million<\/strong> in March 2025, this deal underscores the strength of Los Angeles\u2019 multifamily market.<\/li>\n<\/ul>\n\n\n\n<p><strong>Why It Matters<\/strong><\/p>\n\n\n\n<p>The Fannie Mae sector remains a cornerstone of multifamily financing, and the performance of top originators like Walker &amp; Dunlop, CBRE, and Berkadia reflects the resilience and growth potential of this market. As discussions around a potential Fannie Mae public offering intensify, understanding the dynamics of origination activity and key markets becomes critical for commercial real estate professionals. Our data highlights the strength of major MSAs like Dallas, Los Angeles, and New York, while notable deals like Altitude Apartments and Promenade 9 illustrate the scale and sophistication of recent transactions.<\/p>\n\n\n\n<p>At <strong>CRED iQ<\/strong>, we\u2019re committed to delivering actionable insights to help you navigate the evolving commercial real estate landscape. Stay tuned for more updates in our Top Originators Series as we continue to track the trends shaping the industry.<\/p>\n\n\n\n<p><em>For more data-driven insights, visit <a href=\"https:\/\/www.crediq.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CRED iQ<\/a> or contact our team for tailored analytics.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of CRED iQ\u2019s ongoing Top Originators Series, our research team has turned its focus to the Fannie Mae sector and the multifamily market for a comprehensive mid-year review. With discussions around a potential Fannie Mae public offering gaining momentum, the agency lending ecosystem is under the spotlight. Our analysis dives into the top [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[31,9],"tags":[4,5,29],"class_list":{"0":"post-4740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cmbs-new-issue","8":"category-research","9":"tag-cmbs","10":"tag-commercial-real-estate-data","11":"tag-new-issuance"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/4740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/comments?post=4740"}],"version-history":[{"count":3,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/4740\/revisions"}],"predecessor-version":[{"id":4746,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/4740\/revisions\/4746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media\/4741"}],"wp:attachment":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media?parent=4740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/categories?post=4740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/tags?post=4740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}