Monday, September 15, 2008

Despite Recent Financial Upheavals, Outlook Remains Good for Multi-family

Fannie Mae and Freddie Mac report their multi-family delinquency rates remain very low - about the same as one year ago -- less than one quarter of one percent (0.25%).  The approximate loan-to-value ratio of Fannie Mae's multifamily portfolio is 67%

Both Fannie Mae and Freddie Mac are anticipated to stay active in making loans to multi-family projects, because their portfolios in these areas are doing well.  For the first half of 2008 the agencies report a 62% increase in new mult-family loans over the same period a year ago.