Commercial/Multifamily Briefs Sept. 16, 2021

Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms.

Administration Announces Steps to Increase Affordable Housing Supply

The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.

FHFA, GSEs Extend COVID-19 Multifamily Forbearance Through Sept. 30

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, subject to the continued tenant protections FHFA has imposed during the pandemic. This is the third extension of the programs, which were set to expire June 30.

FHFA Holds GSE Affordable Housing Goals Steady in 2021

The Federal Housing Finance Agency yesterday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.

FHFA Sets $70 Billion 2021 GSE Multifamily Loan Purchase Caps

The Federal Housing Finance Agency on Tuesday announced 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $70 billion for each Enterprise, totaling $140 billion in support to the multifamily market.

Multifamily Market Musings: A Conversation with Fannie Mae’s Kim Betancourt

This year’s industry developments continue to be dominated by the pandemic as well as associated social, political and economic impacts. Given this backdrop and the continued role of the GSEs in financing multifamily throughout market ups and downs, MBA NewsLink sat down with Fannie Mae’s Kim Betancourt to discuss trends and what to watch as the multifamily market evolves.

Commercial/Multifamily Briefs From M&T, Fannie Mae

M&T Commercial Banking, M&T Realty Capital Corporation, M&T Securities and M&T Investment Banking Group announced a new Affordable Housing platform to deliver offerings from its various divisions to our clientele across the affordable housing sector.