FHFA Announces Lower Multifamily Lending Caps for GSEs in 2018

National Mortgage Professional writes that the Federal Housing Finance Agency (FHFA) recently announced that 2018 multifamily lending caps for both Fannie Mae and Freddie Mac would be $35 billion, down from $36.5 billion in 2017. The caps are based on projections of the overall size of the 2018 multifamily originations market, which FHFA expects to be slightly smaller than that market in 2017. However, the caps will be reviewed on a quarterly basis throughout 2018 and adjusted upwards if necessary, but not downward, so as to avoid market disruption. FHFA's release also noted that the forthcoming 2018 Scorecard would provide additional information on the role that FHFA expects the GSEs to play in the 2018 multifamily market.

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