Fannie, Freddie, Ginnie Vying for Business

CHICAGO-Freddie Mac wants to be the loan servicer of choice while Fannie Mae wants to be the partner of choice for secondary multifamily financing, attendees at the commercial and multifamily mortgage administration conference of the Mortgage Bankers Association of America were told. Meanwhile, Ginnie Mae is focusing on construction loan pooling and servicing.

Among Fannie Mae’s 2001 priorities are providing more money for affordable housing as wekk as positioning itself for all market cycles, says Angela Benton, vice president of multifamily services.

“It’s been an awesome year,” says Benton, adding FNMA has done nearly $9.8 billion in loan production through April. “We’re running very fast.”