The pace of multifamily loan originations is expected to pick up in 2022, as the sector's stellar performance drives record loans and investment volume hits new highs.
Multifamily originations hit an all-time high in the third quarter of last year, according to new research from Northmarq. Fourth quarter originations were likely even higher, thanks to a big investment spike during that same period.
"Against this backdrop, further gains are likely in 2022," the report notes, predicting that increases in volume will likely start with the GSEs. "Both Fannie Mae and Freddie Mac will each have caps of $78 billion in 2022, representing increases of more than 10 percent from 2021 caps. The agencies will continue to place an emphasis on housing affordability."
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