Walker & Dunlop Ranked #1 Fannie Mae DUS® Lender in 2013
BETHESDA, Md., Feb. 3, 2014
BETHESDA, Md., Feb. 3, 2014 /PRNewswire/ --Walker & Dunlop, Inc. (the
"Company") (NYSE: WD) announced today that for the second consecutive year it
was ranked as the largest Fannie Mae DUS® Lender. Walker & Dunlop has been a
DUS lender since the program's inception in 1988 and has grown from the #10
lender in 2007 to the #1 lender today. During 2013, the Company originated
$2.8 billion in multifamily loans for Fannie Mae.
"What a fantastic accomplishment to be ranked #1 for the second year in a
row," commented Willy Walker, Chairman, President and CEO. "Our 2012 ranking
was thanks to the combination of Walker & Dunlop and CWCapital. 2013,
however, is all us -- an integrated, focused corporation with outstanding
execution on behalf of our customers. Fannie Mae is the largest provider of
capital to the multifamily industry, and we are honored to be their largest
DUS lender for the second year in a row."
According to the release from Fannie Mae, 99 percent of the $28.8 billion
provided to the multifamily market in 2013 was delivered through the DUS
lender network. The DUS program, which stands for Delegated Underwriting and
Servicing, is unique in that private lenders originate multifamily loans for
Fannie Mae and retain the first loss position in the loans. The DUS program
maintained extremely low default rates throughout the financial crisis, and
when there are loan losses, private capital, not Fannie Mae, pays first.
Walker & Dunlop was also ranked as the fourth largest originator of loans on
Affordable Housing for Fannie Mae in 2013."Although 2013 brought down the
unemployment rate across the country, there was no real wage growth for
American workers," continued Mr. Walker. "We are extremely pleased to be one
of the largest Fannie Mae DUS lenders on Affordable Housing at a time when it
is so greatly needed."
About Walker & Dunlop
Through its subsidiaryWalker & Dunlop, LLC,Walker & Dunlop, Inc.(NYSE: WD)
is one of the leading commercial real estate finance companies inthe United
States, with a primary focus on multifamily lending. As a Fannie Mae DUS®,
Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the
Multifamily and FHA Finance groups are focused on lending to property owners,
investors, and developers of multifamily properties across the country. The
Capital Markets group specializes in financing commercial real estate for
owners and investors acrossthe United States, securing capital from large
institutions such as life insurance companies, commercial banks,CMBS lenders,
pension funds, and specialty finance companies.The Proprietary Capital group
develops new financial products and provides institutional advisory, asset
management, and investment management services with respect to debt and
equity, including bridge financing.Walker & Dunlop, LLChas more than 400
employees located in 21 offices nationwide. For more information about the
Company, please visitwww.walkerdunlop.comor follow us on Twitter at
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forward-looking statement to reflect changes in underlying assumptions or
factors, new information, data or methods, future events or other changes,
except as required by applicable law. Factors that could cause our results to
differ materially include, but are not limited to: (1) general economic
conditions and multifamily and commercial real estate market conditions, (2)
regulatory and or legislative changes to Freddie Mac,Fannie Maeor HUD, (3)
our ability to retain and attract loan originators and other professionals,
and (4) changes in federal government fiscal and monetary policies, including
any constraints or cuts in federal funds allocated to HUD for loan
For a further discussion of these and other factors that could cause future
results to differ materially from those expressed or contemplated in any
forward-looking statements, see the section entitled ''Risk Factors" in our
most recent Annual Report on Form 10-K and in our subsequentSECfilings. Such
filings are available publicly on our Investor Relations web page at
SOURCE Walker & Dunlop, Inc.
Contact: Investors, Claire Harvey, Vice President, Investor Relations,
301/634-2143, firstname.lastname@example.org, or Media, Susan Weber, Senior Vice
President, Marketing, 301/215-5515, email@example.com
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