GSEs Capture More Than 60 Percent of Market in 2011 via Multifamily Executive Magazine

Fannie Mae and Freddie Mac, combined, again captured the lion’s share of the market for permanent multifamily debt in 2011—and that level of dominance will continue this year.

Balance-sheet lenders bounced back in a big way in 2011, as life companies slugged it out at the upper tier of the market and many regional and national banks began winning more short-term business. There was even a brief window in the spring when it seemed like conduit lenders had come back for good.

Despite the increased competition, the government-sponsored enterprises (GSEs) were able to maintain, and maybe even grow, their market share last year, as the overall market grew too. Freddie Mac estimates that its volume accounted for at least 30 percent of the market last year, and Fannie Mae likely recorded a little more than that, the companies are expected to announce at next month’s MBA CREF conference.

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