EXHIBIT 21

LIST OF SUBSIDIARIES OF THE REGISTRANT

Company	State of Incorporation or Registration
Walker & Dunlop Multifamily, Inc.		Delaware
Walker & Dunlop, LLC		Delaware
W&D Interim Lender LLC		Delaware
W&D Interim Lender II LLC		Delaware
Walker & Dunlop Capital, LLC		Massachusetts
W&D Interim Lender III, Inc.		Delaware
W&D Interim Lender IV, LLC		Delaware
W&D Interim Lender V, Inc.		Delaware