Solid depth and breadth of management and staff, with significant industry experience and meaningful company tenure; A dedicated focus on its technology platform and applications, along with extensive data loss protection and oversight; Comprehensive quality control and audit environment; Solid multifamily underwriting guidelines and servicer oversight that benefits from a unique risk-sharing model; Lengthy track record of special servicing loan resolution activity, albeit predominately limited to the traditional multifamily product; Continued low level of multifamily delinquencies; Continued financial support and implicit guarantee from the U.S. government; and Its position in Federal Housing Finance Agency (FHFA) conservatorship, with an uncertain future. S&P Global Ratings' rankings on Fannie Mae as a commercial loan master and special servicer are ABOVE AVERAGE. The management
