2018 through December 31
We continued to generate strong returns for U.S. taxpayers.
We financed rental units in a wide variety of large, medium and small markets.
Our credit profile remains strong as of December 31, 2018. We incurred credit losses of $4M and our delinquency rate was 1 basis point.
We had no real estate-owned properties.
Our loan purchases created liquidity in virtually every corner of the rental market.
Less than half of our purchases counted towards the FHFA volume cap, the balance focused on affordable housing.
More than 9 in 10 eligible units we financed supported U.S. households earning at or below 120% of area median income.
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. 90% of new business purchases were intended for securitization.
Our full-year GSE market share was 54 percent, reflecting our innovative strategies and product offerings.