Thank You for Another Tremendous Year
January 20, 2017
Recently we announced that 2016 was yet another record-setting year for Freddie Mac Multifamily. We completed $56.8 billion in loan purchases and bond guarantees, up from $47.3 billion in 2015, and we reached another record with $51.2 billion in multifamily securitization volume—effectively transferring the majority of credit risk from taxpayers to private investors.
I want to take this opportunity to thank all of you for your tremendous support and dedication in enabling us to achieve these records. We have a truly remarkable network of business partners—Seller/Servicers, investors and borrowers—and it is an honor to work with all of you. Together we are leading the industry with innovative new financing solutions and are in the forefront of our nation’s efforts to preserve, expand and improve rental housing. Nearly 90 percent of the apartment homes we financed last year were affordable to people whose incomes were at or below the area median income. Plus, new offerings like Freddie Mac Multifamily Green AdvantageSM encourage lower water and energy use, helping to support environmentally efficient apartment buildings.
For the last seven years the multifamily industry has been on a roll. While it may be hard to maintain that pace, I believe we will continue to see healthy and balanced growth in this year and beyond. We look forward to continuing collaboration with our customers to innovate and provide new offerings—meeting your needs and furthering our mission of supporting affordable housing solutions.
The Freddie Mac Multifamily management team and I appreciate all you do and look forward to making 2017 another great year with you!
David Brickman, EVP of Multifamily Business