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What Will Happen to Fannie and Freddie?

LOS ANGELES—Changes could be coming to Fannie Mae and Freddie Mac, but agency expert Mitch Clarfield of Berkeley Point Capital is optimistic about the future.

By Kelsi Maree Borland | kelsimareeborland | Updated on February 16, 2017

Clarfield: “There could be changes to Fannie and Freddie, but nobody knows what those are going to be." Clarfield: “There could be changes to Fannie and Freddie, but nobody knows what those are going to be.”

LOS ANGELES—With a new administration in office, the industry is bracing for changes to everything from tax codes and interest rates to the government-sponsored enterprises, particularly Fannie Mae and Freddie Mac. Mitch Clarfield, senior managing director at Berkeley Point Capital and an agency expert, is optimistic about the future of Fannie and Freddie. For each of the last three years, his team has done more than $500 million in agency structured products transactions and $1.2 billion in overall deal volume, and he thinks having both agencies are good for the market.

“There could be changes to Fannie and Freddie, but nobody knows what those are going to be,” Clarfield tells GlobeSt.com. “Multifamily is such a small part of Fannie and Freddie that it may get swept in with whatever change is sought for the larger single-family businesses. I am hopeful that they don’t dismantle Fannie Mae and Freddie Mac’s multifamily options because I think they are good for the market. Having both of them is good because they are both very different options. The market is well served by having two approaches that are somewhat different. I really don’t foresee the government taking them apart.”

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