Study of Multifamily Underwriting and the GSEs’ Role in the Multifamily Market
This report supports the Department’s fulfillment of both of these statutory mandates. It provides an analysis of credit availability for affordable multifamily properties, credit gaps in segments of the market, and Fannie Mae and Freddie Mac’s position in the market. In addition, it discusses the applicability of fair lending laws to the multifamily activities of the two enterprises, and it makes recommendations for the Department’s regulatory approach. It should be of value to policy-makers, researchers, financial institutions, and members of the general public interested in multifamily housing finance and the role of the Government-sponsored housing enterprises.