Fannie Mae and Freddie Mac—the government-sponsored enterprises (GSEs)—played a crucial countercyclical role during the recession. They provided liquidity when private capital sources largely scaled back.
But what now? The current state of the GSEs—which hold or guarantee about 35 percent of multifamily mortgages in this country—in government conservatorship is unique, unprecedented and requires a long-term policy solution.
The multifamily housing market serves more than 15 million—that's one in seven—American households, spanning workforce housing, seniors housing, student housing, and market-rate and affordable rental properties.
Read more...Stoffers: The Future of Fannie, Freddie, and Housing Finance - Finance - Multifamily Executive Magazine
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