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FHFA Revamps Fannie, Freddie Role in Multifamily Mortgages

Wednesday, Sep 18 2019
Lending
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The Federal Housing Finance Agency announced a mix of changes to how Fannie Mae and Freddie Mac can participate in the multifamily mortgage market. So reports MarketWatch.

The housing regulator will now raise the two mortgage finance giants’ caps for multifamily-housing residential loans to $100 billion each, up from $35 billion in the previous year.

But the FHFA will also close a loophole that allowed so-called “green loans,” which financed certain energy and water efficiency improvements, to be excluded from the caps.

Read the full article from MarketWatch. 

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