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Volume 14 - Number 9

May 2, 2014

Freddie to Buy, Securitize MF Loans, GSEs Start 1Q Strong

Freddie Mac Multifamily now will purchase from its Targeted Affordable Housing lender network multifamily tax-exempt loans, and aggregate and securitize them into a new series called M-Deals, the GSE announced last week. The move is in concert with the firm’s launch of a new initiative – the Direct Purchase of Tax-Exempt Loans – to help keep rental housing affordable for lower income families and increase cost-effective financing for tax-exempt multifamily properties. Freddie explained these are tax-exempt loans issued by a city, county or state housing finance entity for apartments that have affordable rents for lower income individuals.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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