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September 18, 2019

New Purchase Caps, Same Affordable Mission

Debby Jenkins
Article By
Debby Jenkins, EVP Multifamily Business
As you may have seen, FHFA just provided a new cap structure for our business. It sets a volume target of $100 billion for the five quarters covering Q4 2019 through the end of 2020, of which 37.5% is targeted for “mission-driven” loans. Overall, this averages to $20 billion total volume per quarter, or $80 billion a year — similar to our current run rate.

We’re pleased to continue our focus on affordability, which has always been key to our mission. And, of course, we will continue our track record of successfully managing to our caps while optimizing to meet the needs of our customers.

For the past several years we’ve led the industry with robust business, and our leadership is more than just volume numbers. We also lead by partnering with an incredible network of borrowers and OptigoSM lenders on the best multifamily platform that includes local market expertise, outstanding risk transfer — and now digital transformation.

Together, we have the people, drive and vision to lead our industry into the future.  View the revised scorecard for more detail on loans which will be classified as “mission-driven”.

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