FHFA Raises Multifamily Lending Caps for Fannie, Freddie
The Federal Housing Finance Agency (FHFA) announced today an additional increase of $1.5 billion in the 2016 multifamily lending caps for Fannie Mae and Freddie Mac. The new caps are $36.5 billion for each. The adjustment is based on increased estimates of the overall size of the 2016 multifamily finance market, based on FHFA’s 2016 Scorecard. Loans in certain affordable and underserved market segments will continue to be excluded from the purchase caps.