Fannie, Freddie Face Lower Cap on Apartment Loans: The Federal Housing Finance Agency has lowered the amount of multifamily loan purchases Fannie Mae and Freddie Mac can complete in 2024 by $10 billion, or $5 billion apiece. The 2023 cap of $75 billion for each government-sponsored housing lender has been reduced to $70 billion. Under new guidelines, half of the loans will have to be targeted at affordable housing. The two mortgage giants have securitized nearly $80 billion of multifamily loans this year.
Fannie, Freddie Face Lower Cap on Apartment Loans, Bank of America Offers Brighter Outlook, High-Interest Hotel Loan Heads to Market
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
November 16, 2023 | 3:33 P.M.
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IN THIS ARTICLE
- Properties
- Marriott Philadelphia Downtown
1201 Market St, Philadelphia, PA
- Companies
- Bank of America Corporation
Finance and Insurance
- Oaktree Capital Management, L.P.
Finance and Insurance
- Clearview Hotel Capital LLC
Real Estate
- Host Hotels & Resorts, Inc.
Real Estate
- Freddie Mac
Finance and Insurance
- Contacts
- Robert Broeksmit
President & Chief Executive Officer, Mortgage Bankers Association Of America
- Kevin Palmer
Head of Multifamily, Freddie Mac