1. Fiscal Year 2014 U.S. Dept. of Housing and Urban Development Atlanta Multifamily Production

2. ON TARGET Fiscal Year 2014 223(A)(7) Mortgage insurance made up 7% of total loans endorsed. 221(d)(4) Mortgage Insurance makes up 32% of total loans endorsed. Significant differences from Fiscal Year 2013

3. ON TARGET Total Mortgages Insured Atlanta MF Hub FY 2013 70 Closings by Mortgage Type 223(a)(7)33 223(f)24 2023 221(d)(4)NC3 221(d)(4)SR3 2311 8113

4. ON TARGET Total Mortgages Insured Atlanta MF Hub FY 2014 51 Closings by Mortgage Type 223(a)(7)4 223(f)23 2024 221(d)(4)NC9 221(d)(4)SR7 2311 8113

5. ON TARGET Total Endorsements by Section of the Act Comparison FY13FY14 223(a)(7) 33 4 223(f) 24 23 202 3 4 221(d)(4)NC 3 9 221(d)(4)SR 3 7 231 1 1 811 3 3 TOTAL: 70 51

6. ON TARGET Total Units and Mortgage Amounts Endorsed FY 2014 SOAMortgage Amount Units 223(a)(7) $14,852,600 423 223(f) $203,106,400 4276 202 $11,776,600 112 221(d)(4)NC $123,360,600 1668 221(d)(4)SR $65,358,000 1094 231 $7,270,000 151 811 $3,122,90029 TOTAL$428,847,1007,753 FY 2013 SOAMortgage Amount Units 223(a)(7)$271,553,200 5781 223(f)$187,335,800 4295 202$6,150,400 58 221(d)(4)NC$25,237,800 398 221(d)(4)SR$25,278,100 474 231 $5,150,000 110 811$3,122,900 29 TOTAL$523,828,20011,145

7. ON TARGET Trends in mortgage amounts In FY 2013, A7 and 223f insured mortgages made up roughly 88% of the total mortgages insured for the year. In FY 2014, this number dropped to roughly 50% of the total mortgages insured for the year. This drop was a result of a dramatic 88% reduction in A7 endorsements compared to the previous fiscal year. The mortgage amounts committed to 221d4 NC/SR increased by 374% in FY 2014

8. ON TARGET Trends in unit figures In FY 2013, total units insured for the fiscal year totaled 11,145. In FY 2014, this number dropped to 7,753. 21% of the units insured during FY 2014 are new construction. In FY 2013, only 3% of the total units were the result of new construction.

9. ON TARGET 221d4 NC/SR endorsements increased 223a7 endorsements declined New 202/811 activity is unlikely in FY 2015 223f refinance endorsement figures remain stable Summary FY 2014

10. ON TARGET U.S. Department of HUD Atlanta MF Production 40 Marietta St. Five Points Plaza Atlanta, GA 30303-2806