In one sentence
Fannie Mae's small-loan multifamily execution through its DUS lenders, serving smaller apartment properties with agency terms.
The longer version
Fannie's small-balance multifamily lending gives smaller apartment deals access to agency pricing and terms through delegated DUS lenders, paralleling Freddie's SBL on the Fannie side.
The standardized agency process is the same story: known requirements reward lenders who template the exhibit and document lists per program.
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