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Business and Finance
Thu, January 12, 2012
Wed, January 11, 2012
Walker & Dunlop Announces 2011 Loan Origination Volume of $4.0 Billion
Walker & Dunlop Announces 2011 Loan Origination Volume of $4.0 Billion -- BETHESDA, Md., Jan. 11, 2012 /PRNewswire/ --
Walker & Dunlop Announces 2011 Loan Origination Volume of $4.0 Billion
BETHESDA, Md., Jan. 11, 2012 /PRNewswire/ -- Walker & Dunlop, Inc. (the "Company") (NYSE: [ WD ]) announced today 2011 loan origination volume of $4.0 billion, an increase of 27% over 2010. The Company ended the year with a loan servicing portfolio of $16.8 billion containing over 1,800 loans.
Origination and servicing volumes by investor were as follows:
Loan Origination Volume(1) for the years ended: | December 31, 2011(2) | December 31, 2010 | % Change |
Fannie Mae | $1,870 | $1,572 | 19% |
Freddie Mac | $836 | $527 | 59% |
HUD/Ginnie Mae | $512 | $616 | (17)% |
Other(3) | $808 | $457 | 77% |
Total | $4,026 | $3,172 | 27% |
Loan Servicing Portfolio(1)as of: | December 31, 2011(2) | December 31, 2010 | % Change |
Fannie Mae | $10,379 | $9,460 | 10% |
Freddie Mac | $3,190 | $2,467 | 29% |
HUD/Ginnie Mae | $1,359 | $837 | 62% |
Other(3) | $1,850 | $1,855 | 0% |
Total | $16,778 | $14,619 | 15% |
(1) | Dollars in millions |
(2) | Amounts are unaudited |
(3) | CMBS, life insurance companies and commercial banks |
Origination and servicing volumes in this release are unaudited, and these amounts may be adjusted as the Company completes its year-end audit. The Company is releasing the unaudited 2011 loan origination and servicing volumes in order to participate in industry surveys. No conclusions should be drawn about the Company's fourth quarter 2011 results from these announced volumes. The Company's fourth quarter 2011 results are expected to be published in early March.
About Walker & Dunlop
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: [ WD ]) is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS™, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States. Capital for this financing comes from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Principal Investment group provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity.
SOURCE Walker & Dunlop, Inc.
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