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Our Results for 2020

2020 through December 31

William Buskirk

We had a strong year as we continued to focus on our mission.

Below, we describe our 2020 results.

William Buskirk
Multifamily Chief Financial Officer

Contact me for more information or clarification.

Multifamily New Business Activity

new business report thumbnail

This chart reports our New Business Activity on a monthly basis.

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Multifamily Production Mission Volume Analysis

Production Mission Volume Analysis thumbnail

This chart reports our production mission-driven volume for 2020.

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$3,215 million
$3,215
million
comprehensive income

We continued to generate strong returns for U.S. taxpayers

2.01% forbearance rate
2.01%
forbearance rate
 

Provided relief to borrowers in these challenging times. On December 31, 2020, 2.01% of loans in our multifamily mortgage portfolio were in forbearance.

1/16 credit results
1/16
credit
results
 

Our credit profile remains strong as of December 31, 2020. We had $1 million of credit losses and our delinquency rate was 16 basis points.

0 REO
0
REO
 

We had no real estate-owned properties on the books.

$83 billion new business
$83
billion
new business
 

Our loan purchases created liquidity in virtually every corner of the rental market.

mission driven, affordable housing
~39%
mission-driven, affordable housing
 

As of December 31, 2020, the total cumulative new business activity counting toward the 10/1/2019-12/31/2020 loan purchase cap was $100 billion.

96% affordable
96%
affordable
 

More than 9 in 10 eligible units we financed supported U.S. households earning at or below 120% of area median income.

~803,000 rental units
~803,000
rental
units
 

We financed rental units in a wide variety of large, medium and small markets.

$78 billion securitized
$78
billion
securitized
 

Since inception of our K-Deal® program in 2009, the company has cumulatively transferred a large majority of credit risk on the multifamily guarantee portfolio.

$353 billion
$353
billion
multifamily portfolio
 

Our guaranteed transactions represented a majority of our total portfolio. 88% of new loan purchases were intended for securitization.