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“Affordable is the next product that you should be looking to buy,” said Vic Clark, senior managing director at Hunt Mortgage Group on the Agency Lending Outlook panel at RealShare Apartments. Clark moderated the panel—of speakers Jeffrey Erxleben, EVP and regional managing director at Northmarq Capital Group, Cristina Flynn, director of credit underwriting for the Western Region at Fannie Mae; and John Powell, director of agency production at Bellwether Enterprises—which discussed Fannie Mae and Freddie Mac lending activity and popular loan products.

“Fannie and Freddie are going to be coming out with products in the next few years for affordable housing,” said Clark, and Erxleben and Powell agreed. “ Both agencies have been robust in rolling out programs to attack affordable in different ways,” said Erxleben, adding that there is a mandate to do that business. Powell said that there has been an evolution away from rent-restricted affordable housing to market-driven affordable housing. “That is addressing the fact that people are spending a lot of income on rent,” he said. “I think Fannie and Freddie will spend a lot more time on workforce housing.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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