Fannie Mae, Freddie Mac, and the Multifamily Mortgage Market

33 Pages Posted: 5 May 1999

See all articles by William Segal

William Segal

U.S. Department of Housing and Urban Development

Edward Szymanoski

U.S. Department of Housing and Urban Development

Abstract

Fannie Mae and Freddie Mac, the two principal government-sponsored enterprises (GSEs) in the mortgage markets, have come to play an increasingly important role in the multifamily housing finance system. Newly available loan-level data, released as part of HUD's GSE oversight activities, are used to evaluate the performance of GSEs in meeting the mortgage credit needs of properties affordable to low- and moderate-income families and of properties located in underserved geographic areas. The extent to which GSEs have been successful in addressing segments of the multifamily mortgage market affected by credit gaps is examined in the context of broader market trends, HUD's GSE housing goals, and the GSEs' need to manage default risk.

JEL Classification: R51

Suggested Citation

Segal, William and Szymanoski, Edward, Fannie Mae, Freddie Mac, and the Multifamily Mortgage Market. Available at SSRN: https://ssrn.com/abstract=157207 or http://dx.doi.org/10.2139/ssrn.157207

William Segal (Contact Author)

U.S. Department of Housing and Urban Development ( email )

United States
202-708-0421 (Phone)

Edward Szymanoski

U.S. Department of Housing and Urban Development ( email )

United States
202-708-0421 (Phone)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
557
Abstract Views
3,318
rank
59,070
PlumX Metrics