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Home » Store » News » GSEs Increase Multifamily Lending While Juggling FHFA Caps

GSEs Increase Multifamily Lending While Juggling FHFA Caps

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The GSEs’ multifamily segment continues to witness growth amid the Federal Housing Finance Agency’s mandated caps. Freddie Mac’s comprehensive income from the multifamily business grew to $366 million for the second quarter. Freddie said the $102 million increase was primarily due to higher unrealized gains on available-for-sale securities. Also, new purchase volume remained strong at $13.1 billion, a $3.1 billion increase from the first quarter. In fact, Freddie’s multifamily business grew so much that some industry observers worry that the GSE could reach the $30 billion annual multifamily business cap set by the FHFA before the year ends. Approximately 70 percent of the $23.1 billion in new business activity in the first half counted toward the 2015 volume cap.
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