Monday, March 22, 2010

Freddie Mac Plans More Emphasis on Multifamily

Last year, more than one out of every three multifamily mortgages was a Freddie Mac origination. When Congress debates the fate of the government-sponsored enterprises (GSEs) next year, the future of the apartment market will very much hang in the balance.

In the interim, Freddie Mac’s commitment to the multifamily industry is on the upswing.

CEO Ed Haldeman says: “There should be no doubt that we are strongly committed to it. It’s a highly profitable business that is growing well, where we have an exceptional record. One would be just crazy to think about less emphasis; in fact, we want to bring more emphasis to that business.” Read More > > >