2021 through March 31
We continued to generate strong returns for U.S. taxpayers
Provided relief to borrowers in these challenging times. On March 31, 2021, 1.88% of loans in our multifamily mortgage portfolio were in forbearance.
Our credit profile remains strong as of March 31, 2021. We had no credit losses and our delinquency rate was 17 basis points.
We had no real estate-owned properties on the books.
Our loan purchases created liquidity in virtually every corner of the rental market.
About 65% of the Q121 new business activity, based on UPB, was mission-driven, affordable housing, with 32% being affordable to renters at 60% of area median income or below.
More than 9 in 10 eligible units we financed supported U.S. households earning at or below 120% of area median income.
We financed rental units in a wide variety of large, medium and small markets.
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.
91% of our mortgage portfolio comprised securitized mortgage loans (underlying securities that we guarantee).