BETHESDA, Md., Jan. 12, 2011 /PRNewswire/ -- Walker & Dunlop, Inc. (the "Company") announced today 2010 loan origination volume of approximately $3.2 billion, an increase of 42% over 2009. The Company ended the year with a loan servicing portfolio of approximately $14.7 billion containing over 1,600 loans.
Origination and servicing volumes by investor were as follows: Loan Origination Volume(1) for the years December 31, December 31, ended: 2010(2) 2009 ---------------------------------------- ------------- ------------- Fannie Mae $1,555,000 $1,413,144 Freddie Mac $527,000 $255,997 HUD/Ginnie Mae $616,000 $217,186 Other(3) $475,000 $343,445 -------- -------- -------- Total $3,173,000 $2,229,772 December 31, December 31, Loan Servicing Portfolio(1)as of: 2010(2) 2009 --------------------------------- ------------- ------------- Fannie Mae $9,460,000 $8,695,229 Freddie Mac $2,467,000 $2,055,821 HUD/Ginnie Mae $837,000 $350,676 Other(3) $1,889,000 $2,101,591 -------- ---------- ---------- Total $14,653,000 $13,203,317 (1) Dollars in thousands (2) Numbers are approximate (3) CMBS, life insurance companies and commercial banks
Origination and servicing volumes in this release have not been audited. These amounts could be adjusted as the Company completes its year-end audit. The Company has decided to release the 2010 loan origination and servicing volumes in order to participate in industry surveys. No conclusions should be drawn about the Company's fourth quarter 2010 results from these announced volumes. The Company's fourth quarter 2010 results are expected to be published in late March.
About Walker & Dunlop
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on multifamily lending. 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. As a Fannie Mae DUS(TM), Freddie Mac Program Plus® and Map- and Lean-approved FHA lender, Walker & Dunlop lends on most major multifamily asset classes including market-rate apartments, affordable apartments, manufactured housing communities, seniors housing, student housing and certain healthcare facilities. The Capital Markets and Investment Services groups of Walker & Dunlop provide a broad range of advisory, financing, investment consulting and related services.
Walker & Dunlop, Inc.
CONTACT: Claire Harvey, Vice President, Investor Relations,
+1-301-634-2143, charvey@walkerdunlop.com, or Susan Weber, Vice President,
Marketing, +1-301-215-5515, sweber@walkerdunlop.com
Web Site: http://www.walkerdunlop.com/
