Insights from the Freddie Mac Multifamily team.
In this new blog series, we'll do a deep dive on one metro, analyzing multiple factors that affect the local multifamily market and forecasting performance.
It's officially been 100 days since Debby Jenkins tapped me to lead Freddie Mac Multifamily's new Equitable Housing effort. Collectively, we're taking a fresh look at all aspects of multifamily housing and making changes that will help give all parties an equitable shot at renting, owning or financing.
The Federal Housing Finance Agency recently announced new 2021 loan purchase caps for Freddie Mac and Fannie Mae. The new rule consists of many changes, with the most broadly impactful being to the area median income thresholds under which conventional units are considered mission-driven.
Despite the disruptions of 2020, we expect the multifamily market to see improving conditions in 2021.
As we reflect on 2020 and prepare for the new year ahead, one thing remains steadfast: we have a true commitment to the business and our mission.
From inception to today, the Duty to Serve program can be summed up in two words: impact and opportunity.
The new cap on our lending volume doesn't mean we're changing course on our investment offerings.
The multifamily industry is in the process of transitioning from LIBOR to new SOFR-indexed offerings. This report provides a historical overview of that transition and addresses questions we've commonly heard from our Optigo investors, lenders and borrowers.
Michael Case, Vice President, Multifamily Capital Markets, Pricing
Stefan Rosu, Director, Loan Pricing
Supporting our nation's communities is the heart of our mission and requires continual innovation. Our new Social Impact Bonds provide capital for underserved communities and promote economic opportunity.
Strong overall performance during the past decade is a key factor in the possible outcomes we may see the rest of this year as the effects of the pandemic unfold.
Estimating the value of multifamily properties is an important but difficult task for real estate investors and researchers.