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Walker & Dunlop WD Fannie Mae Dus Loan Program — Guarantee Obligations Maximum Exposure

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Other financials

Income statement

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Revenue$306.7M-3.9%
Net income$3.0M-91.1%
EPS (diluted)$0.09-90.9%

Balance sheet

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Cash & equivalents$160.9M-31.2%
Total debt$105.1M-2.2%
Total equity$1.7B-2.5%
Total assets$4.9B+4.7%

Cash flow

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Operating cash flow$1.2B+590%
CapEx$600.0K-76.6%
Free cash flow$1.2B+585%

Valuation

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Market cap$1.76B-31.2%
P/E20.5×-12.3×
P/S1.4×-0.8×

Profitability

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Net margin9.3%+0.4pp
FCF margin-76.8%

Returns & leverage

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Return on equity6.6%+1.1pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Walker & Dunlop in its filing.

Tagged under the XBRL concept us-gaap:GuaranteeObligationsMaximumExposure.

The source filing: Walker & Dunlop’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 6:16 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091536

As of June 30, 2026 and December 31, 2025, the maximum quantifiable contingent liability associated with the Company’s guaranties for the at-risk loans serviced under the Fannie Mae DUS agreement was $14.4 billion and $14.1 billion, respectively. This maximum quantifiable contingent liability relates to the at-risk loans serviced for Fannie Mae at the specific point in time indicated. The maximum quantifiable contingent liability is not representative of the actual loss the Company would incur. The Company would be liable for this amount only if all of the loans it services for Fannie Mae, for which the Company retains some risk of loss, were to default and all of the collateral underlying these loans were determined to be without value at the time of settlement.

Item 1. Financial Statements

FAQ

What is Walker & Dunlop's fannie mae dus loan program — guarantee obligations maximum exposure?
Walker & Dunlop (WD) reported fannie mae dus loan program — guarantee obligations maximum exposure of $14.4B in Q2 2026.
How has Walker & Dunlop's fannie mae dus loan program — guarantee obligations maximum exposure changed year-over-year?
Walker & Dunlop's fannie mae dus loan program — guarantee obligations maximum exposure increased by 7.5% year-over-year, from $13.4B to $14.4B.
What is the long-term trend for Walker & Dunlop's fannie mae dus loan program — guarantee obligations maximum exposure?
Over 4 years (2021 to 2025), Walker & Dunlop's fannie mae dus loan program — guarantee obligations maximum exposure has grown at a 8.9% compound annual growth rate (CAGR), from $38.7B to $54.4B.
What does fannie mae dus loan program — guarantee obligations maximum exposure mean?
This metric represents the total potential financial liability the company faces under its guarantee obligations for the Fannie Mae DUS loan program. It quantifies the maximum aggregate principal amount for which the company could be held responsible in the event of borrower default. This figure is critical for assessing the company's off-balance sheet risk and capital adequacy requirements.

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