Skip to main content

FHFA Adjusts Multifamily Lending Caps for 2018

Nov 21, 2017
Do you agree with me that today’s housing supply has narrowed, and mortgage demand is uncertain

The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion.
 
The FHFA stated that its caps were based on projections of the overall size of the 2018 multifamily originations market, which the regulator forecast to be slightly smaller than that market in 2017. The FHFA added that it will review its estimates of the multifamily loan origination market size on a quarterly basis and, when applicable, will adjust the caps.
 
Furthermore, the FHFA noted in a statement that because “market support for affordable housing has been historically weak, FHFA will continue to exclude from the 2018 caps certain loans in the affordable and underserved market segments.” This will include loans to finance energy or water efficiency improvements and loans on affordable units in extremely high-cost markets.

 
About the author
Published
Nov 21, 2017
Fed Rate Could Be Down To 4.6% By Year's End

Inflation must hit its 2% goal for Fed to reduce rates.

New Compliance Requirements Add Challenges

Latest changes arrive at an already disruptive time in the mortgage industry

Changes Coming For Investment Properties

Using leases to qualify will require Proof

FCC Adopts New Rules To Close The 'Lead Generator Loophole'

Mortgage lead providers respond, saying this will "wipe out" several small and mid-tier businesses

Trade Associations & Lenders Stand Behind Trigger Leads Bill

Major trade associations like The MBA, NAMB, and BAC, urge action on S. 3502.

Supply And Demand Are Still Alive And Well

Treasury auctions may face weaker demand but they’re still getting done