Lower rates have created a land rush by apartment owners to refinance their multifamily loans, potentially straining the capacity of Fannie and Freddie. However...
The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter...
Of course, the whole point is moot though, isn’t it? Fannie and Freddie continue to be wards of the federal government. If they fail to meet a capital test, what’s the worst Uncle Sam can do? Put them in conservatorship? They’re already there...
The year prior, Fannie CEO Daniel Mudd earned $11.6 million while Freddie's chief Richard Syron took home $18.3 million, but a large chunk of their pay included stock...
Prosecutors say the defendants doctored the income and purchase prices multifamily properties by maintaining a second set of books, and using fake liens, false contracts, and inflated invoices...
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