From a balance sheet perspective, the situation could not be grimmer for Fannie Mae and Freddie Mac. The two government sponsored entities posted yet another quarter of eye-popping losses for Q1: Fannie Mae’s $13.1 billion loss necessitated a request for $8.4 billion in additional federal funds. Freddie Mac, for its part, posted $8 billion in red ink-and had to ask for a $10.6-billion government infusion of capital.

For multifamily players that rely on Fannie and Freddie, there is some good news-and some more bad. The vast majority of the GSE losses are driven by their single-family portfolios. At Freddie Mac, for example, the 60-day delinquency rate on its multifamily portfolio is just 0.24%, according to Sam Chandan, chief economist at Real Capital Analytics.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.