MIAMI—What concerns Fannie Mac and Fannie Mae the most? Daniel Cunningham, senior vice president of PNC Realty, moderated a discussion between John Kovacevich, director of Fannie and Richard Martinez, vice president of Production and Sales at Freddie, to get some answers during RealShare Apartments East in Miami last week.
One thing that concerns both men is the lack of affordable housing. Kovacevich said, “The industry tells us that we lose about 100,000 affordable units a year. We are being asked by the administration to augment that with increased production on the product class.”
Of course, augmenting production is one thing, controlling supply of capital is another. So how do Fannie and Freddie find the balance?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
