With the recent changes to HUD’s LEAN program, we wondered how long it would take to see a real impact on transaction volume with the agency. Well, Walker & Dunlop may not have closed an actual HUD transaction, but it did position itself well to do so in the future. For approximately $45 million, the company acquired the commercial mortgage servicing rights associated with a $3.8 billion servicing portfolio from Oppenheimer Multifamily Housing & Healthcare Finance, Inc., a subsidiary of Oppenheimer Holdings Inc. The portfolio consists of over 480 multifamily and healthcare HUD loans, and makes Walker & Dunlop the largest HUD multifamily/healthcare servicer in the country. The acquisition is expected to close on June 20, and was funded with available capital from Walker & Dunlop.
Walker & Dunlop & HUD
