Professor David Reiss recently spoke to GlobeSt.com about the Federal Housing Finance Agency’s new plans for Fannie Mae and Freddie Mac multifamily finance operations. Some experts worry that the FHFA’s proposals to scale back financial support will have a negative impact. However, Professor Reiss notes that a large government role in the multifamily mortgage market “is not necessary because there have been long stretches in the past when the government had a much smaller role in those markets. And other credit markets operate well with no or a much smaller government footprint.”
Read the full article.