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What are DUS lenders?

What are DUS lenders?

DUS Lender means a lender approved by Fannie Mae as a full Delegated Underwriting and Servicing lender under the agreements, rules, guides and regulations as may be in effect from time to time as promulgated by Fannie Mae.

How many DUS lenders are there?

Dedicated student housing Multifamily loans secured by multifamily properties in which college or graduate students make up at least 80% of the tenants. As of May 1, 2020, Fannie Mae had 24 DUS lenders, which are listed in Table 2. There are stringent qualifications for consideration to be a DUS lender.

How many Fannie Mae DUS lenders are there?

As of 2022, there are currently 23 Fannie Mae DUS lenders in operation.

Is Wells Fargo a DUS lender?

Fannie Mae Wells Fargo Multifamily Capital can originate, underwrite, close, and deliver multifamily mortgages without Fannie Mae’s prior review. As a DUS lender, we are able to act quickly and be flexible in structuring transactions.

What is DUS Bond?

DUS bonds are a bullet alternative to agency or corporate bullets that can provide stable cash flow with little to no extension risk, plus an attractive spread to the Interpolated Treasury curve. DUS bonds have prepayment penalties designed to protect investors and provide yield maintenance to the investment.

How does DUS lending work?

DUS lenders adhere to rigorous credit and underwriting standards and submit to Fannie Mae’s ongoing credit review and monitoring. They underwrite, close, deliver, and service loans on Fannie Mae multifamily properties and typically retain one-third of the risk on every loan.

What does DUS mean for Fannie Mae?

DELEGATED UNDERWRITING & SERVICING (DUS®) – THE ROLE OF RISK RETENTION IN MULTIFAMILY FINANCE. ExEcutivE Summary. A core component of Fannie Mae’s mission is to support the U.S. multifamily housing market to help serve the nation’s rental housing needs, focusing on low- to middle-income households and communities.

Who are Freddie Mac lenders?

List of CHOICEHome Mortgage Lenders

Lender Lender Address
American Financial Resources, Inc. 9 Sylvan Way, Parsippany, NJ 07054
American Pacific Mortgage Corp. 3000 Lava Ridge, Ste 200, Roseville, CA 95661
Central Bank of Branson 400 S Business Hwy 65, Branson, MO 65616

What does DUS stand for loans?

Delegated Underwriting and Servicing
Our Delegated Underwriting and Servicing (DUS) MBS is like no other security in the marketplace. Unlike a conduit execution, our loans are securitized on a single-asset basis, providing creative structuring flexibility.

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