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GSE Multifamily Mortgage Purchases Rise Sharply in 2001

Monday, September 9, 2002 - 7:00AM

Multifamily mortgages purchased by government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac rose sharply in 2001, according to a new report from the Office of Federal Housing Enterprise Oversight (OHFEO). “Purchases of multifamily loans were greatly encouraged by significant increases in the Department of Housing and Urban Development’s (HUD) affordable housing goals,” the paper says. In fact, by the end of last year, the GSEs collectively owned (held in portfolio) $33 billion of multifamily mortgages and guaranteed an additional $52 billion of such mortgages. Click here to access the report.

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