Walker & Dunlop LLC

Agency

Walker & Dunlop is a Bethesda, MD-headquartered agency lender and one of the largest commercial real estate finance companies in the U.S., with $35.0B in total origination volume in 2024. The firm is a top Fannie Mae DUS lender, producing $8.9B in Fannie Mae volume in 2025. Publicly traded on the NYSE under ticker WD.

AgencyType

Bethesda, MDHQ

$35.0BTotal Volume

Active 2025

Key Contacts

walkerdunlop.com

Ted Patch

Primary

Chief Production Officer, Multifamily Finance

(301) 215-5580 tpatch@walkerdunlop.com

Alison Williams

Originations

Executive Vice President

(813) 793-6679

Christopher Eng

Originations

Executive Vice President

John Ducey

Originations

Senior Vice President, Affordable Chief Production Officer

(240) 728-7191

FHA Deal Activity

738

FHA Endorsements

$18.7M

Avg Deal Size

172

Avg Units

States

Individual FHA-insured initial endorsements, FY2010–FY2026

Top 10 Markets: TN (132) · MA (63) · TX (44) · MI (41) · CA (38) · GA (36) · VA (35) · FL (32) · WI (27) · NC (23)

Programs: 223(f) Purchase/Refi (383) · New Const/Rehab (198) · 223(a)(7) Refi (149) · 241(a) Improvements (8)

21% LIHTC · 7% Tax-Exempt Bonds

Source: HUD FHA Multifamily Production Reports

View all 738 FHA deals →

Recent FHA Deals

Dec '25NEW ORLEANS, LANew Const/Rehab

$34.4M

Nov '25CHESTER, VANew Const/Rehab

$40.2M

Nov '25La Jolla, CA223(f) Purchase/Refi

$34.8M

Oct '25SPARTANBURG, SC223(f) Purchase/Refi

$7.6M

Oct '25Shoreline, WA223(f) Purchase/Refi

$21.3M

Active loans held →Maturity wall →Rate tracker →

FHA Portfolio

977

Active Loans

$11.8B

Outstanding

5.76%

Recent Avg Rate

35 yr

Avg Term

Rates and balances on FHA-insured loans currently held in portfolio, as of February 2026

Recent FHA Rate Comps

DateLocationAmountUnitsProgramTermRate

Feb '26Easton, PA$6.2M50223(f)35 yr5.75%

Feb '26Bethlehem, PA$4.2M50223(f)35 yr5.75%

Feb '26Reading, PA$4.2M45223(f)35 yr5.75%

Feb '26Pekin, IL$9.8M152223(f)35 yr5.96%

Feb '26Rock Hill, SC$46.5M300221(d)(4)40 yr5.78%

Feb '26Tyler, TX$18.7M96223(f)35 yr5.68%

Dec '25Wisconsin Dells, WI$12.1M52223(f)35 yr5.69%

Dec '25New Orleans, LA$34.4M294221(d)(4)40 yr5.55%

Nov '25Belpre, OH$9.3M60223(f)25 yr5.8%

Nov '25Olmsted Falls, OH$21.0M124223(f)25 yr5.8%

Avg rate across last 20 endorsed loans5.76%

Full Portfolio: 3.9% avg rate · range 2.07%–10.75%

8 loans ($1.9M) maturing by 2031

MaturityLocationOutstandingUnitsRate

Sep 2026Atlanta, GA$43K486.5%

Jun 2027Bradenton, FL$104K967.09%

Feb 2028Emporia, KS$128K354.8%

Nov 2028Kalamazoo, MI$446K1143.05%

Apr 2029Adams, MA$278K994.91%

Apr 2030Utica, NY$576K985%

Sep 2030York, PA$301K735.75%

Dec 2030Schenectady, NY$69K1057.5%

Top States: TN (97) · MA (63) · IL (53) · MI (49) · TX (44)

Source: HUD Insured Multifamily Mortgages

Fannie Mae DUS Activity

Years in Top 10

$63.5B

Total DUS Volume

$8.9B

2025 Volume

Source: Fannie Mae DUS Lender Rankings

Lending Programs

Visit walkerdunlop.com for current lending programs and rates.

Deal History

Annual volume by program source.

2021

$9.6B

2022

$11.4B

2023

$6.6B

2024

$7.0B

2025

$8.9B

Sources: Fannie Mae

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NewPoint Real Estate Capital is a Chevy Chase, MD-based agency lender with $7.0B in origination volume in 2024. The firm has originated 87 FHA-insured loans totaling $1.8B since 2013. NewPoint is an approved Fannie Mae DUS, Freddie Mac Optigo, and FHA/HUD lender.