Study of Multifamily Underwriting and the Gses' Role in the Multifamily Market

In the 1992 legislation Congress assigned to the Department of Housing and Urban Development two important regulatory...
Dhs. 129.43 AED
Dhs. 129.43 AED
SKU: 9781288921065
Product Type: Books
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Author: U. S. Dept of Housing and Urban Developm
Format: Paperback
Language: English
Subtotal: Dhs. 129.43
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Study of Multifamily Underwriting and the Gses' Role in the Multifamily Market by U. S. Dept of Housing and Urban Developm

Study of Multifamily Underwriting and the Gses' Role in the Multifamily Market

Dhs. 129.43

Study of Multifamily Underwriting and the Gses' Role in the Multifamily Market

Dhs. 129.43
Author: U. S. Dept of Housing and Urban Developm
Format: Paperback
Language: English
In the 1992 legislation Congress assigned to the Department of Housing and Urban Development two important regulatory roles that bear on Fannie Mae's and Freddie Mac's activities in the secondary multifamily market, related to the magnitude of their purchases of mortgages for lower-income households and their conformance to fair lending standards. The Department is required to establish numerical affordable housing goals for the two enterprises and periodically to review and comment on the underwriting and appraisal guidelines of each enterprise to ensure their consistency with fair lending laws.
This report supports the Department's fulfillment of both of these statutory mandates. It provides an analysis of credit availability for affordable multifamily properties, credit gaps in segments of the market, and Fannie Mae and Freddie Mac's position in the market. In addition, it discusses the applicability of fair lending laws to the multifamily activities of the two enterprises, and it makes recommendations for the Department's regulatory approach. It should be of value to policy-makers, researchers, financial institutions, and members of the general public interested in multifamily housing finance and the role of the Government-sponsored housing enterprises.

Author: U. S. Dept of Housing and Urban Developm
Publisher: Bibliogov
Published: 03/14/2013
Pages: 188
Binding Type: Paperback
Weight: 0.76lbs
Size: 9.69h x 7.44w x 0.40d
ISBN: 9781288921065

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