News
Freddie Mac Expects Multifamily Loans to Hit $45B in 2015
2015 still has about a month to go, but Freddie Mac is already uncorking the champagne about its multifamily figures. Executive VP David Brickman estimates the mortgage giant will have financed more than $45B in loans for the year.
This year’s $45B number dwarfs the $28B in multifamily loans financed in 2014, just short of that year's $30B cap.
And about $2B of that has gone to small balance loans—a product Freddie Mac began securitizing this August—quickly earning a following among mortgage shoppers, GlobeSt reports.
Another $1B will end up going to manufactured housing community loans, another new offering. [GlobeSt]
