Fannie Mae’s Multifamily Delegated Underwriting Service (DUS®) Prepayment History Reports provide transparency related to prepayment activity of its DUS loans. Below are the provided quarterly reports.
- DUS fixed rate MBS and cash loans with yield maintenance terms ending six months prior to maturity.
Multifamily Fixed Rate DUS Prepayment History Report Q3 2016 (.xls)
- DUS fixed rate MBS and cash loans with other yield maintenance terms (5/3, 7/5, 10/7, 30/15).
Additional Multifamily Fixed Rate DUS Prepayment History Report Q3 2016 (.xls)
- DUS Structured Adjustable Rate (SARM) MBS and cash loans with 12 month lockout followed by 1% prepayment premium.
Multifamily Structured Adjustable Rate Mortgage DUS Prepayment History Report Q3 2016 (.xls)
Each report shows active loans and liquidated loans acquired from January 2000 (January 2009 for the DUS SARM report) to the stated calendar quarter for each given category. Each report also includes voluntary and involuntary prepayment activity as well as loans that have paid at maturity. These reports provide a view of prepayment activity by original balance and loan count presented in several different data categories:
- Origination Vintage
- Loan Term at Origination
- Loan Size at Origination
- Original Loan-to-Value
- Geographic Region
- Multifamily Asset Class
Investors, researchers, and other market participants may use this information to analyze the performance of Multifamily MBS and cash loans. This information includes prepayment behavior, credit performance, and other multifamily market trends to determine some of the risks associated with an investment in Multifamily MBS.
This publication is updated approximately 90 days after each calendar quarter. For example, performance statistics will be published for the first quarter of 2016 approximately by the end of the second quarter of 2016. Prepayments that occur after quarter end, and before the report is posted, will be reflected in the next quarterly report.
Fannie Mae’s Multifamily MBS Prospectus provides a detailed description of its Multifamily MBS. For information about a specific MBS, please read both the Multifamily MBS Prospectus and the related Prospectus Supplement, including the Schedule of Pool and Loan Information for that security. You can locate the Prospectus Supplement for a specific MBS by entering its pool number or CUSIP number in Fannie Mae’s Multifamily Securities Locator Service. The Multifamily Securities Locator Service also provides additional detailed information about the composition and performance of our Multifamily MBS.