FHFA Cuts Freddie Mac and Fannie Mae Loan Caps

The government expects the multifamily originations market to contract in 2023.

Anyone in multifamily who hoped that conditions would turn and that 2023 would be a replay of previous years was just hit in the face with a bucket of cold water tossed by the Federal Housing Finance Agency.

The FHFA announced the multifamily loan purchase caps for both Fannie Mae and Freddie Mac: $75 billion for each, $150 billion total. That’s down from the $78 billion each had in 2022 because the FHFA expects multifamily family originations to contract this year.

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Erik Sherman

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