David Brickman, senior vice president of the Freddie Mac’s multifamily business, recently provided a mid-year progress report detailing just how the company provides value for American taxpayers. The following are some of the highlights from the report, which came out in early September:
Multifamily earnings increased in the first half of 2012 to $942 million, almost as much as all of 2010.
Freddie financed rental housing for 193,000 families, most of which were affordable for families below local area median income.
Multifamily loan purchases for the first half of 2012 were at $12.4 billion, allowing borrowers to refinance at lower rates and fund new apartment construction.
Read more...Freddie Mac Provides Report Card, Gets Creative on MBS - Finance - Multifamily Executive Magazine
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