2020 through September 30
We continued to generate strong returns for U.S. taxpayers
Provided relief to borrowers in these challenging times. On September 30, 2020, 2.2% of loans in our multifamily mortgage portfolio were in forbearance.
Our credit profile remains strong as of September 30, 2020. We had no credit losses and our delinquency rate was 13 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 September 30, 2020, the total cumulative new business activity counting toward the 10/1/2019-12/31/2020 loan purchase cap was $65.5 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. 87% of new loan purchases were intended for securitization.