Walker & Dunlop Ranked #3 Freddie Mac Program Plus® Seller in 2014
BETHESDA, Md., Feb. 10, 2015 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that it was Freddie Mac's third highest-producing Program Plus® Seller in 2014. The Company became a Program Plus® Seller in 2009 and has since increased its Freddie Mac originations at a compounded annual growth rate of 70%, making it one of Freddie Mac's fastest growing partners. 2014 was Freddie Mac's second largest volume year in its history, with total multifamily originations of $28.3 billion.
"We are extremely proud of our #3 ranking with Freddie Mac, as it affirms the hard work of the talented Walker & Dunlop team and the incredible success we've had in building our relationship with Freddie Mac," commented Willy Walker, Walker & Dunlop's Chairman and CEO. "In the fourth quarter of 2014, our Freddie Mac loan origination volume was greater than our volume with Fannie Mae for the first time in Company history, which demonstrates that we are continuing our pattern of growth with one of the largest providers of capital to the multifamily industry."
As part of Freddie Mac's annual multifamily lender rankings, Walker & Dunlop was also ranked #1 in transaction financing volume for both Very Low-Income Housing Units and Manufactured Housing Communities. Mr. Walker commented, "Affordable housing loans, loans on manufactured housing communities and small loans do not count against the GSEs' annual lending caps, so Fannie Mae and Freddie Mac both have the ability to originate as much volume as they can in these sectors. Being the top Freddie Mac lender in two of these executions is especially exciting because it reflects our expertise in two sectors that the GSEs will be very focused on in 2015."
Freddie Mac provided $28.3 billion of capital to the multifamily industry in 2014. The majority of loans originated through Program Plus are securitized whereby private capital takes the first-loss-position. The Program Plus loan origination network, along with private capital participation, make this model one of the best designed loan securitization programs in the world.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, MD, is one of the premier commercial real estate finance companies in the nation. The firm's scaled lending platform provides customers with a comprehensive suite of financing solutions for multifamily and commercial properties located across the United States. Walker & Dunlop has more than 450 professionals with an unyielding commitment to client satisfaction located in 22 offices nationwide. For more information, please visit www.walkerdunlop.com.
Forward-Looking Statements
Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts.
The forward-looking statements contained in this press release reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed or contemplated in any forward-looking statement.
While forward-looking statements reflect our good faith projections, assumptions and expectations, they are not guarantees of future results. Furthermore, we disclaim any obligation to publicly update or revise any 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.
For a further discussion of the 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 subsequent SEC filings. Such filings are available publicly on our Investor Relations web page at www.walkerdunlop.com.
SOURCE Walker & Dunlop, Inc.
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