GSEs Face Downward Scorecard Targets, Market Absorbs MF MBS
October 11, 2013
Fannie Mae and Freddie Mac may have to dial back the multifamily spigot if theyre going to meet the targets their regulator wants them to as it seeks to shrink the GSEs presence in the space. It looks like it might require a bigger turn of the dial for Freddie than for Fannie. As part of the Federal Housing Finance Agencys 2013 Conservatorship Scorecard, FHFA Acting Director Edward DeMarco has called for a 10 percent reduction target in GSE multifamily business volume this year compared to 2012.