WASHINGTON, DC—The Federal Housing Finance Agency has had its good years and its bad years regarding the release of its annual Scorecard -- what it calls the goals it sets for Fannie Mae and Freddie Mac for that year. Some years the FHFA has been very late in releasing the Scorecard, much to the chagrin of multifamily lenders that use it as a guide for their own activities. In other years, it comes out right on schedule.
Perhaps you blinked at some point on Monday; that would explain how you missed what the FHFA plans to include in its 2016 Scorecard. Essentially, it released the GSEs' target lending operations months before necessary.
Speaking at a Mortgage Bankers Association conference in San Diego, Director Mel Watts told the crowd that the GSEs' cap would remain at $30 billion each -- in other words, where they are right now.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
