2020 through December 31
We continued to generate strong returns for U.S. taxpayers
Provided relief to borrowers in these challenging times. On December 31, 2020, 2.01% of loans in our multifamily mortgage portfolio were in forbearance.
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.
We had no real estate-owned properties on the books.
Our loan purchases created liquidity in virtually every corner of the rental market.
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.
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.
Our guaranteed transactions represented a majority of our total portfolio. 88% of new loan purchases were intended for securitization.