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.
Tag: Freddie Mac
MBA Annual20: FHFA Proposes Rule for New Enterprise Products, Activities
Federal Housing Finance Agency Mark Calabria told MBA members that the agency wants comments on a proposed rule that would require Fannie Mae and Freddie Mac to obtain approval for new products and notice before engaging in new activity.
MBA Urges FHFA to Extend Current GSE Affordable Housing Goals
The Mortgage Bankers Association, in a letter this week to the Federal Housing Finance Agency, said FHFA should extend current affordable housing goals for Fannie Mae and Freddie Mac, given current economic uncertainty.
Commercial/Multifamily Briefs Oct. 8, 2020
Avison Young, Toronto, acquired the intellectual property and other select assets of PropTech company Truss.
Freddie Mac 2Q Apartment Investment Index Dips from Pandemic Impact
Freddie Mac, McLean, Va., said its Multifamily Apartment Investment Market Index fell by 0.3% in the second quarter following strong previous quarterly gains, reflecting the impact of the coronavirus pandemic and the first negative second quarter net operating income growth since 2009.
Commercial/Multifamily Briefs Sept. 17, 2020
Exantas Capital Corp., New York, announced its newly formed subsidiaries, Exantas Capital Corp. 2020-RSO9 Ltd. and Exantas Capital Corp. 2020-RSO9 LLC will issue $245.8 million of non-recourse, floating-rate notes at a weighted-average cost of the one-month LIBOR plus 313 basis points.
Freddie Mac: More High-Income Households Renting, But Low-Income Renters Face Limited Options
Fewer than 10 percent of rental units are currently affordable to renter households earning 50 percent of median renter income, reported Freddie Mac, McLean, Va.
Dealmaker: Berkadia Closes $31M Apartment Property Sale
Berkadia arranged the $30.6 million sale and financing for Turtle Creek Apartment Homes, a 232-unit garden-style apartment community 15 miles north of downtown Tampa, Fla. Managing Director Jason Stanton from …
MBA Capital & Origination Council: Where Politics and Policy Meet the CRE Industry
MBA hosted a joint call with Origination Council and Capital Council on August 4th highlighting pertinent issues and challenges facing the commercial real estate finance marketplace. Grandbridge Real Estate Capital Chairman of the Board and Chief Executive Officer Matt Rocco chairs the Origination Council and led the call.
The Latest on LIBOR Transition with Metlife’s Reena Pally
MBA NewsLink interviewed Reena Pally, Managing Director of Real Estate Debt Strategies with MetLife Investment Management, about the transition away from LIBOR to a successor index for floating-rate loans.