 |
| David H. Stevens |
WASHINGTON, DC -- The
Federal Housing Finance Agency (FHFA) today announced that it has increased the
2016 multifamily lending caps for Fannie Mae and Freddie Mac from $31 billion
to $35 billion, effective immediately.
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, issued the
following statement:
“MBA supports FHFA’s
data-driven approach in reviewing the size of the multifamily loan origination
market.
“Current consensus
projections for the size of the 2016 market, including MBA’s own, have
increased to approximately $260 billion from earlier projections in the $220
billion range.
“FHFA’s review and
adjustment mechanism in its 2016 Scorecard and its close monitoring of changing
market conditions will support continued liquidity in workforce rental housing,
help avoid market disruptions, and allow for competition among capital sources
that finance this vital market.”
For a complete copy of the company’s
news release, please contact:
Ali Ahmad
(202) 557-2727
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