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Article: BIG Competition.(Fannie Mae and Freddie Mac)
- Article from:
- Mortgage Banking
- Article date:
- May 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Both Fannie Mae and Freddie Mac have boosted their activity in the apartment lending markets. Pushed by affordable-housing goals set by HUD, the two secondary market giants are approaching a 40 percent market share.
In the multifamily lending industry, it's hard to find someone who takes a neutral position on the growing role the two dominant government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, are playing in the market.
Those companies that have become frequent originators through the GSEs' automated underwriting networks say Fannie and Freddie bring real benefits by their consistent presence in the apartment lending markets. These ...