BETHESDA, Md., Sept. 21, 2015 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today an update to the Company's loan origination outlook for the third quarter 2015. On its second quarter earnings call, the Company provided its expectation for Fannie Mae loan originations in the range of $600 to $800 million and Freddie Mac loan originations in the range of $1.0 to $1.2 billion. Since the second quarter earnings call, the Company's GSE loan volumes increased significantly, and it now expects third quarter 2015 Fannie Mae loan origination volumes to be between $1.1 and $1.3 billion and Freddie Mac loan origination volumes to come in at the high end of the $1.0 to $1.2 billion range.
"After an extremely active refinancing and acquisitions market in the first half of the year, we saw a slowdown in GSE loan originations at the beginning of the third quarter," stated Walker & Dunlop's Chairman and Chief Executive Officer, Willy Walker. "Since then, we have seen an increase in our Fannie Mae volumes, which will positively impact this quarter's originations."
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has almost 500 professionals in 25 offices across the nation with an unyielding commitment to client satisfaction.
The statements regarding our expected third quarter 2015 loan origination volume contained in this press release constitute forward-looking statements within the meaning of the federal securities laws, and they reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed or contemplated in the forward-looking statements.
While the forward-looking statements reflect our good faith projections, assumptions and expectations, they are not guarantees of future results. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except as required by applicable law.
For a further discussion of the factors that could cause our loan origination results to differ materially from those expressed or contemplated in this press release, see the section titled ''Risk Factors" in our most recent Annual Report on Form 10-K and in our subsequent SEC filings. Such filings are available publicly on our Investor Relations web page at www.walkerdunlop.com.
SOURCE Walker & Dunlop, Inc.