FHFA Holding Multifamily Lending Caps for Fannie Mae, Freddie Mac at 2016 Level

Perhaps sensing a peak in the multifamily finance market, the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, the two major sources of financing for apartment building owners and developers, announced it plans to keep the current multifamily lending caps for the two government sponsored enterprises in place next year at a cap of $36.5 billion each.

Both GSEs are still about $10 billion shy of reaching their in multifamily loan purchase caps in their new business lending for this year.

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