The Market Waits For The GSEs' Caps This Week

Brian Stoffers

WASHINGTON, DC–The Federal Housing Finance Agency is poised to release its annual Scorecard — namely, the goals it sets for Fannie Mae and Freddie Mac for the upcoming year — sometime this week, according to word on the street. When it does it will be a significant signal, as it is each year, about liquidity in the multifamily market. “It is definitely the headline to watch as multifamily is clearly a very important part of our overall market,” Brian Stoffers, CBRE’s Global President, Debt & Structured Finance, tells GlobeSt.com.

The scorecard usually comes out by year end but Stoffers says that the current director Mel Watt, and his team, wants to get it out and have it established before the end of his term, which is the beginning of next year. “Frankly we thought we’d have it before the end of October,” Stoffers says.