Freddie Mac (OTC: FMCC) announced today that it had $20.3 billion in volume for its multifamily business (loan purchase and bond guarantee volume), a 32 percent increase compared to $15.4 billion in 2010. This volume includes Freddie Mac's targeted affordable housing products, which finance apartments that receive some form of government subsidy.
Quotes from David Brickman, senior vice president of Freddie Mac Multifamily:
"Our 2011 purchase volume reflects a growing market, and the fact that we remained competitive is due to the strength of our business and strong relationships with sellers, servicers and borrowers. We continue to play a dominant role in providing liquidity to the sector and delivering strong business results."
"Looking ahead, we expect robust growth in the multifamily market. The outlook is very positive due to solid fundamentals, demographics, low interest rates and strong capital flows into the sector."
"Investor interest in our securitizations continues to grow. We are a regular issuer and have leveraged private capital in the multifamily debt and mortgage markets."
Read more...Freddie Mac Supported Industry with $20.3 Billion in 2011 Multifamily Volumes - Feb 2, 2012 via Freddie Mac
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