Wednesday, October 30, 2013

NMHC/NAA Comments on FHFA Proposal to Restrict the GSEs' Multifamily Lending via National Multi Housing Council

On October 8, NMHC/NAA submitted extensive comments to the Federal Housing Finance Agency (FHFA) opposing a proposal to further reduce Fannie Mae and Freddie Mac’s presence in the multifamily housing markets.

On August 9, FHFA called for potentially eliminating shorter-term financing options, reducing the number of loan products available, imposing loan limits and placing other restrictions on the GSEs’ multifamily financing activities. This latest move comes on top of a 10% reduction in GSE multifamily lending activities implemented on January 1.

Read more...NMHC/NAA Comments on FHFA Proposal to Restrict the GSEs' Multifamily Lending

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