As if Bear Stearns wasn’t bad enough, now mortgage giants Freddie Mac and Fannie Mae are getting shaky, and once again a bailout seems imminent. What might this mean for the multifamily sector? Most of our readers (66%) think Freddie’s and Fannie’s problems will hurt the multifamily sector. Only a third of this week’s respondents don’t think the crisis will have much of an impact. Michael Barry, president of Applied Property Co., remains cautiously optimistic on the subject. Here are his thoughts:

“If Fannie and Freddie were not a going concern, their problems would have a huge impact on the multifamily financing sector. After the past couple of days, where they lost a dramatic percentage of their value and then popped back up and strengthened, we haven’t seen a dramatic immediate effect on lending for multifamily properties. Of course, the implications of the agencies disappearing would have a huge negative impact on the multifamily financing sector.

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