Federal Housing Finance Agency Print
Home / Media / FHFA Seeks Public Input on Reducing Fannie Mae and Freddie Mac Multifamily Businesses
News Release

FHFA Seeks Public Input on Reducing Fannie Mae and Freddie Mac Multifamily Businesses

FOR IMMEDIATE RELEASE
8/9/2013

Washington, D.C. – The Federal Housing Finance Agency (FHFA) is seeking public input on strategies for reducing Fannie Mae and Freddie Mac’s presence in the multifamily housing finance market in 2014.

In keeping with the goal of contracting the market presence of Fannie Mae and Freddie Mac while simplifying and shrinking their operations, FHFA’s 2013 Conservatorship Scorecard included reducing their volume of new multifamily business by 10 percent relative to 2012. FHFA expects this reduction to be achieved this year through a combination of increased pricing, more limited product offerings and stronger underwriting standards.

FHFA is now evaluating alternatives for reducing Fannie Mae and Freddie Mac’s multifamily businesses in 2014 and is seeking public input on the potential market impact of various strategies. These include:

  • Restrictions on available loan terms;

  • Simplification and standardization of loan products;

  • Limits on property financing;

  • Limits on business activities; and,  

  • Other options that FHFA should consider to contract the Enterprises’ multifamily businesses.

The attached document outlines these specific alternatives in greater detail and poses questions that interested parties are invited to answer. Input must be received within 60 days or no later than Oct. 8, 2013 and should be submitted to Federal Housing Finance Agency, OHRP Multifamily Housing Policy, 400 7th Street, S.W., Room 9-261, Washington, D.C. 20024 or via email to: multifamilypolicyissues@fhfa.gov.

Attachments:

###

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.5 trillion in funding for the U.S. mortgage markets and financial institutions.

Contacts:
​Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030
© 2019 Federal Housing Finance Agency