McLEAN, VA–Last year Freddie Mac closed $56.8 billion in loan purchase and bond guarantee volume, up from $47.3 billion in 2015. It also issued $51.2 billion in multifamily securities. Like Fannie Mae, which also just announced its top product category lenders, Freddie Mac attributes its success to its network of sellers and servicers.
And of course, the robust demand for all things multifamily. “Of all the uncertainty in the world multifamily feels like a modest risk,” David Brickman, executive vice president and head of the Multifamily Business told GlobeSt.com at the end of last year.
“There is high confidence in the asset class' returns and it shows very good prospects for continued growth,” he said.
Brickman said he expects to see growth in both purchases and originations continuing in 2017 even as borrowers confront significantly higher interest rates. “The multifamily market is expected to grow between 5% to 10% [in 2017] and we expect to grow with the market.”
In the meantime, here is a look at Freddie Mac's top lenders for 2016.
McLEAN, VA–Last year
And of course, the robust demand for all things multifamily. “Of all the uncertainty in the world multifamily feels like a modest risk,” David Brickman, executive vice president and head of the Multifamily Business told GlobeSt.com at the end of last year.
“There is high confidence in the asset class' returns and it shows very good prospects for continued growth,” he said.
Brickman said he expects to see growth in both purchases and originations continuing in 2017 even as borrowers confront significantly higher interest rates. “The multifamily market is expected to grow between 5% to 10% [in 2017] and we expect to grow with the market.”
In the meantime, here is a look at
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
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.
