ATLANTA—In 2016 the greatest share ofmultifamily property originated loans,approximately $105 billion or 39% of total dollar volume, went toFannie Mae and Freddie Mac.That's according to the Mortgage BankersAssociation.
“We expect this marketplace momentum to continue through 2017and for several years ahead,” Ed Hussey, head ofMultifamily Production for Pillar Financial, adivision of SunTrust Bank, tells GlobeSt.com.“Fortunately, both Freddie Mac and Fannie Mae are incentivized bytheir regulator to source capital to maintain and rehabilitate theexisting stock of multifamily properties in the USto provide affordable rental housing for those making less thanaverage Area Median Income.”
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