Apartment Industry Response to FHFA’s Regulatory Plan for Fannie Mae and Freddie Mac via NMHC

Statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) Joint Legislative Program by Cindy Chetti, NMHC Senior Vice President of Government Affairs, in response to the Federal Housing Finance Agency (FHFA) 2013 scorecard outlining its regulatory goals for Fannie Mae and Freddie Mac in the current year.

“NMHC/NAA support returning to a more robust private capital market, but we believe that should be achieved through market-driven solutions and not the arbitrary 10 percent reduction, or more than $6 billion, in multifamily lending volume imposed by the FHFA 2013 scorecard.

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