Servicer Evaluation: Fannie Mae

S&P Global Ratings' rankings on Fannie Mae® are ABOVE AVERAGE as a commercial mortgage loan master and special servicer. On July 1, 2019, we affirmed the rankings (see "Fannie Mae ABOVE AVERAGE Commercial Mortgage Loan Master And Special Servicer Rankings Affirmed; Outlook Stable," published July 1, 2019). The outlooks for both rankings are stable. Our rankings reflect: The solid depth and breadth of management and staff, with significant industry experience and meaningful company tenure; The dedicated focus on technology platform and applications, along with extensive data loss protection and oversight; The comprehensive quality control and audit environment; The solid multifamily underwriting guidelines and servicer oversight, which benefit from a unique risk-sharing model; The lengthy track record of special servicing loan

...S&P Global Ratings' rankings on Fannie Mae« are ABOVE AVERAGE as a commercial mortgage loan master and special servicer. On July 1, 2019, we affirmed the rankings (see "Fannie Mae ABOVE AVERAGE Commercial Mortgage Loan Master And Special Servicer Rankings Affirmed; Outlook Stable," published July 1, 2019). The outlooks for both rankings are stable. Our rankings reflect: + The solid depth and breadth of management and staff, with significant industry experience and meaningful company tenure; + The dedicated focus on technology platform and applications, along with extensive data loss protection and oversight; + The comprehensive quality control and audit environment; + The solid multifamily underwriting guidelines and servicer oversight, which benefit from a unique risk-sharing model; + The lengthy track record of special servicing loan resolution activity, though it is predominately limited to the traditional multifamily product; + The historical low level of multifamily delinquencies;...

Full Report