Statement of David Stevens on Release of Fannie Mae and Freddie Mac Multifamily Reports
Washington, DC (May 3, 2013) — David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA), today issued the following statement in reaction to FHFA’s release of Fannie Mae’s and Freddie Mac’s reports analyzing their multifamily housing finance business lines:
“MBA applauds FHFA for its release of these reports prepared by Fannie Mae and Freddie Mac (the GSEs) as a step in advancing the discussion about the importance and future of multifamily housing in the United States. Transparency from FHFA and the GSEs is a critical component of this process.
“The GSEs were directed last year to analyze their multifamily businesses, and MBA and other groups had requested that FHFA make the reports available. Given the role of multifamily rental housing in serving 16 million American households, MBA issued a white paper in December 2012 with recommendations on the future of this market. We look forward to reviewing the extensive data and analyses in these reports, including the role of a government guarantee in ensuring liquidity, to inform policy discussions on the future of multifamily rental housing and the broader housing finance market.”
To view MBA’s white paper, click here.