Thursday, March 22, 2012

Multifamily Mortgage Activity Enjoys Upswing after 3-Year Slump via CoStar Group

The multifamily mortgage market continues to experience an increase in lending activity from a variety of participants. Although the GSEs and FHA have been the primary participants, there has also been renewed interest from portfolio lenders, banks and thrifts and commercial mortgage-backed securities issuers, according to new research from Fannie Mae.

Based on publicly-available company reports, Kim Betancourt, director multifamily economics and market research for Fannie Mae, said Fannie Mae and Freddie Mac saw the first increase in their total dollar volume of multifamily mortgage and securities acquisitions (purchases and securitizations) last year after three consecutive years of declines. In 2011, Fannie Mae acquired $24.4 billion in multifamily mortgage loans and Freddie Mac acquired $20.3 billion.

Read more...Multifamily Mortgage Activity Enjoys Upswing after 3-Year Slump - CoStar Group

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